Healthcare Realty Trust (HR) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Healthcare Realty Trust (NYSE:HR) from a hold rating to a sell rating in a research note published on Saturday morning, Zacks.com reports.

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 equities analysts have also recently weighed in on the stock. Raymond James upgraded shares of Healthcare Realty Trust from an underperform rating to a market perform rating in a research report on Tuesday, January 8th. ValuEngine upgraded shares of Healthcare Realty Trust from a hold rating to a buy rating in a research report on Thursday, January 17th. TheStreet upgraded shares of Healthcare Realty Trust from a c rating to a b- rating in a research report on Thursday, February 14th. Finally, Morgan Stanley set a $31.00 price objective on shares of Healthcare Realty Trust and gave the stock a hold rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Healthcare Realty Trust currently has an average rating of Hold and a consensus price target of $30.25.

NYSE HR opened at $31.68 on Friday. Healthcare Realty Trust has a twelve month low of $26.09 and a twelve month high of $32.98. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 6.43 and a beta of 0.52.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.27). Healthcare Realty Trust had a return on equity of 3.99% and a net margin of 15.49%. The firm had revenue of $113.17 million for the quarter, compared to analysts’ expectations of $114.17 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts expect that Healthcare Realty Trust will post 1.6 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Ffcm LLC grew its holdings in shares of Healthcare Realty Trust by 150.6% during the 4th quarter. Ffcm LLC now owns 4,712 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 2,832 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Healthcare Realty Trust by 12.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,370 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 578 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Healthcare Realty Trust by 272.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,784 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 4,233 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Healthcare Realty Trust during the 4th quarter valued at $171,000. Finally, Jefferies Group LLC purchased a new position in shares of Healthcare Realty Trust during the 3rd quarter valued at $217,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

Healthcare Realty Trust Company Profile

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 December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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