Healthcare Realty Trust (HR) Rating Increased to Hold at Zacks Investment Research

Healthcare Realty Trust (NYSE:HR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday.

According to Zacks, “Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated with the delivery of healthcare services throughout the United States. “

Several other research firms have also commented on HR. Morgan Stanley lowered shares of Healthcare Realty Trust from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $29.00 to $28.00 in a research note on Thursday, August 16th. Mizuho reissued a “hold” rating and set a $28.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, August 13th. Finally, Raymond James assumed coverage on shares of Healthcare Realty Trust in a research note on Thursday, October 18th. They set an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $30.43.

NYSE:HR opened at $30.77 on Monday. Healthcare Realty Trust has a one year low of $26.09 and a one year high of $33.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market cap of $3.88 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 4.90 and a beta of 0.25.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.34). Healthcare Realty Trust had a return on equity of 0.92% and a net margin of 3.66%. The business had revenue of $113.46 million for the quarter, compared to the consensus estimate of $112.45 million. During the same period in the previous year, the firm earned $0.38 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that Healthcare Realty Trust will post 1.58 EPS for the current fiscal year.

In other news, Director Bruce D. Sullivan sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $31.13, for a total value of $93,390.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John Knox Singleton sold 12,048 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $29.91, for a total transaction of $360,355.68. Following the completion of the transaction, the director now owns 23,992 shares in the company, valued at approximately $717,600.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,964 shares of company stock worth $693,877. Insiders own 1.79% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Nuance Investments LLC lifted its stake in shares of Healthcare Realty Trust by 16.2% in the second quarter. Nuance Investments LLC now owns 536,994 shares of the real estate investment trust’s stock worth $15,616,000 after buying an additional 75,044 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Healthcare Realty Trust by 8.3% in the second quarter. California Public Employees Retirement System now owns 238,693 shares of the real estate investment trust’s stock worth $6,941,000 after buying an additional 18,277 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Healthcare Realty Trust by 4.9% in the second quarter. Mutual of America Capital Management LLC now owns 107,416 shares of the real estate investment trust’s stock worth $3,124,000 after buying an additional 5,046 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Healthcare Realty Trust by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 2,018,824 shares of the real estate investment trust’s stock worth $58,706,000 after buying an additional 56,416 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Healthcare Realty Trust by 37.6% in the second quarter. SG Americas Securities LLC now owns 73,895 shares of the real estate investment trust’s stock worth $2,149,000 after buying an additional 20,205 shares in the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.

About Healthcare Realty Trust

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of June 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.9 million square feet and was valued at approximately $5.0 billion.

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