H&R Real Estate Investment Trust (TSE:HR.UN) Shares Pass Below 200-Day Moving Average of $22.33

H&R Real Estate Investment Trust (TSE:HR.UN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.33 and traded as low as $21.30. H&R Real Estate Investment Trust shares last traded at $21.44, with a volume of 397,788 shares changing hands.

A number of equities research analysts recently issued reports on the stock. National Bank Financial dropped their price objective on shares of H&R Real Estate Investment Trust from C$28.00 to C$27.00 and set an “outperform” rating for the company in a report on Tuesday, November 19th. CIBC dropped their price objective on shares of H&R Real Estate Investment Trust from C$26.00 to C$25.50 in a report on Friday, November 15th. Finally, Raymond James reissued a “market perform” rating and issued a C$23.00 price objective on shares of H&R Real Estate Investment Trust in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$24.79.

The company has a debt-to-equity ratio of 94.16, a current ratio of 0.19 and a quick ratio of 0.10. The stock’s fifty day moving average is C$21.19 and its 200-day moving average is C$22.33. The stock has a market cap of $6.15 billion and a PE ratio of 25.81.

About H&R Real Estate Investment Trust (TSE:HR.UN)

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.

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