H&R Real Estate Investment Trust (TSE:HR.UN) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of H&R Real Estate Investment Trust (TSE:HR.UN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.02 and traded as low as C$9.24. H&R Real Estate Investment Trust shares last traded at C$9.30, with a volume of 982,182 shares.

Wall Street Analyst Weigh In

Several research firms recently commented on HR.UN. TD Securities increased their price objective on H&R Real Estate Investment Trust from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Scotiabank lifted their target price on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a research report on Friday, November 15th. Finally, Royal Bank of Canada upgraded shares of H&R Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$11.50 target price for the company in a research note on Wednesday, December 11th.

H&R Real Estate Investment Trust Price Performance

The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19. The company has a market capitalization of C$2.44 billion, a P/E ratio of -11.34 and a beta of 1.98. The firm’s 50-day moving average is C$10.08 and its 200-day moving average is C$10.02.

Insider Transactions at H&R Real Estate Investment Trust

In other news, Senior Officer Robyn Kestenberg purchased 3,716 shares of the stock in a transaction on Friday, December 20th. The shares were acquired at an average price of C$9.41 per share, with a total value of C$34,966.07. 1.89% of the stock is currently owned by company insiders.

About H&R Real Estate Investment Trust

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.