H&R Real Estate Investment Trust (TSE:HR.UN) Shares Pass Above 200 Day Moving Average – Time to Sell?

H&R Real Estate Investment Trust (TSE:HR.UN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.12 and traded as high as C$10.31. H&R Real Estate Investment Trust shares last traded at C$10.24, with a volume of 327,763 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HR.UN. Royal Bank of Canada upgraded H&R Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and set a C$11.50 target price on the stock in a research report on Wednesday, December 11th. Scotiabank upped their price target on shares of H&R Real Estate Investment Trust from C$11.50 to C$11.75 in a report on Friday, November 15th.

H&R Real Estate Investment Trust Trading Up 0.8 %

The stock has a 50 day moving average of C$9.52 and a 200 day moving average of C$10.12. The firm has a market cap of C$2.68 billion, a P/E ratio of -12.49 and a beta of 1.98. The company has a debt-to-equity ratio of 73.68, a current ratio of 0.31 and a quick ratio of 0.19.

Insider Buying and Selling at H&R Real Estate Investment Trust

In other news, Senior Officer Robyn Kestenberg purchased 3,716 shares of H&R Real Estate Investment Trust stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of C$9.41 per share, with a total value of C$34,966.07. Insiders own 1.89% of the company’s stock.

H&R Real Estate Investment Trust Company Profile

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.