H&R Real Estate Investment Trust (TSE:HR.UN) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

H&R Real Estate Investment Trust (TSE:HR.UN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.43 and traded as high as C$11.21. H&R Real Estate Investment Trust shares last traded at C$11.19, with a volume of 1,051,012 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$12.00 target price on shares of H&R Real Estate Investment Trust and gave the company an “outperform” rating in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$12.00.

H&R Real Estate Investment Trust Stock Down 0.4%

The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.19 and a current ratio of 0.31. The stock has a market capitalization of C$2.95 billion, a P/E ratio of -3.78 and a beta of 0.60. The stock’s fifty day simple moving average is C$10.54 and its two-hundred day simple moving average is C$10.44.

H&R Real Estate Investment Trust (TSE:HR.UN) last announced its quarterly earnings results on Thursday, May 14th. The real estate investment trust reported C($0.12) earnings per share (EPS) for the quarter. The business had revenue of C$184.25 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, research analysts expect that H&R Real Estate Investment Trust will post 1.3814956 EPS for the current fiscal year.

About H&R Real Estate Investment Trust

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.