H&R Real Estate Investment Trust (TSE:HR.UN) Shares Pass Above 200 Day Moving Average of $12.21

H&R Real Estate Investment Trust (TSE:HR.UN – Get Rating) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.21 and traded as high as C$12.38. H&R Real Estate Investment Trust shares last traded at C$12.33, with a volume of 860,935 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HR.UN. National Bankshares boosted their price objective on H&R Real Estate Investment Trust from C$13.50 to C$14.25 and gave the company an “outperform” rating in a report on Wednesday, November 16th. BMO Capital Markets decreased their price objective on H&R Real Estate Investment Trust from C$17.00 to C$15.50 in a report on Thursday, November 17th. TD Securities decreased their price objective on H&R Real Estate Investment Trust from C$16.00 to C$14.50 and set a “buy” rating for the company in a report on Thursday, October 20th. Scotiabank decreased their price objective on H&R Real Estate Investment Trust from C$17.00 to C$16.25 in a report on Thursday, November 17th. Finally, Royal Bank of Canada decreased their price objective on H&R Real Estate Investment Trust from C$15.75 to C$15.00 and set a “sector perform” rating for the company in a report on Wednesday, November 16th.

H&R Real Estate Investment Trust Stock Up 0.8 %

The company has a market cap of C$3.28 billion and a price-to-earnings ratio of 2.92. The company has a current ratio of 0.59, a quick ratio of 0.19 and a debt-to-equity ratio of 73.59. The business has a fifty day moving average of C$12.13 and a two-hundred day moving average of C$12.21.

Insider Buying and Selling

In related news, Director Ronald C. Rutman sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of C$12.21, for a total value of C$244,218.00. Following the completion of the transaction, the director now owns 1,540,559 shares of the company’s stock, valued at approximately C$18,811,611.89.

H&R Real Estate Investment Trust Company Profile

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H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $14.5 billion at March 31, 2019. H&R REIT has ownership interests in a North American portfolio of high quality office, retail, industrial and residential properties comprising over 43 million square feet.