H&R Real Estate Investment Trust (TSE:HR.UN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

H&R Real Estate Investment Trust (TSE:HR.UN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$9.81 and traded as high as C$10.26. H&R Real Estate Investment Trust shares last traded at C$10.23, with a volume of 790,065 shares traded.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets set a C$11.00 price target on shares of H&R Real Estate Investment Trust and gave the stock an “outperform” rating in a research note on Friday, April 25th.

H&R Real Estate Investment Trust Stock Up 2.6%

The company’s 50 day moving average price is C$9.82 and its two-hundred day moving average price is C$9.81. The firm has a market cap of C$2.68 billion, a PE ratio of -12.48 and a beta of 1.98. The company has a current ratio of 0.31, a quick ratio of 0.19 and a debt-to-equity ratio of 73.68.

About H&R Real Estate Investment Trust

H&R REIT is one of Canada’s largest real estate investment trusts with total post-Primaris spin-off pro forma assets of approximately $10.7 billion. H&R REIT has ownership interests in a North American portfolio comprised of high quality office, industrial, residential and retail properties comprising over 29.4 million square feet post-Primaris spin off.