H&R Real Estate Investment Trust (TSE:HR.UN) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

H&R Real Estate Investment Trust (TSE:HR.UN)’s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$9.64 and traded as high as C$9.77. H&R Real Estate Investment Trust shares last traded at C$9.70, with a volume of 638,978 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HR.UN. National Bank Financial reduced their price target on H&R Real Estate Investment Trust from C$11.50 to C$10.75 and set a “sector perform” rating for the company in a report on Wednesday, October 21st. Royal Bank Of Canada lowered their price target on H&R Real Estate Investment Trust from C$13.00 to C$11.50 and set an “outperform” rating for the company in a research report on Tuesday, October 13th. Finally, TD dropped their price target on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.00 and set a “buy” rating on the stock in a research note on Tuesday, August 25th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$11.39.

H&R Real Estate Investment Trust Stock Performance

The business’s fifty day moving average price is C$9.64 and its 200-day moving average price is C$10.35. The stock has a market cap of C$2.57 billion, a PE ratio of -4.46 and a beta of 0.31. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31.

H&R Real Estate Investment Trust (TSE:HR.UN) last released its quarterly earnings data on Wednesday, August 12th. The real estate investment trust reported C$0.14 earnings per share for the quarter. The firm had revenue of C$169.78 million during the quarter. H&R Real Estate Investment Trust had a negative net margin of 20.83% and a negative return on equity of 4.16%. As a group, equities research analysts forecast that H&R Real Estate Investment Trust will post 1.38 EPS for the current fiscal year.

H&R Real Estate Investment Trust Company Profile

H&R REIT is one of Canada’s largest real estate investment trusts. H&R REIT has ownership interests in a Canadian and U.S. portfolio primarily comprised of high-quality residential (operating as Lantower Residential), industrial and office properties comprising approximately 21.3 million square feet.