Healthcare Realty Trust Inc. (HR) Cut to Sell at Zacks Investment Research
Healthcare Realty Trust Inc. (NYSE:HR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.
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 weighed in on HR. BTIG Research started coverage on Healthcare Realty Trust in a research note on Thursday, August 25th. They set a “neutral” rating for the company. JMP Securities cut Healthcare Realty Trust from a “market perform” rating to an “underperform” rating and set a $29.00 target price for the company. in a research report on Wednesday, June 22nd. Stifel Nicolaus raised their target price on Healthcare Realty Trust from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Mizuho raised their target price on Healthcare Realty Trust from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Finally, Cantor Fitzgerald assumed coverage on Healthcare Realty Trust in a research report on Thursday, June 23rd. They issued a “hold” rating and a $37.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.13.
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Healthcare Realty Trust (NYSE:HR) traded down 1.15% during midday trading on Tuesday, hitting $31.93. The stock had a trading volume of 370,804 shares. The company’s 50-day moving average price is $34.20 and its 200 day moving average price is $33.29. Healthcare Realty Trust has a 12-month low of $24.94 and a 12-month high of $36.60. The stock has a market cap of $3.70 billion, a P/E ratio of 48.02 and a beta of 0.48.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The business earned $102.60 million during the quarter, compared to analyst estimates of $101.05 million. Healthcare Realty Trust had a return on equity of 4.50% and a net margin of 16.95%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $0.39 EPS. On average, equities research analysts predict that Healthcare Realty Trust will post $1.63 earnings per share for the current fiscal year.
In related news, Director Nancy H. Agee bought 1,100 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were bought at an average cost of $33.68 per share, for a total transaction of $37,048.00. Following the completion of the acquisition, the director now directly owns 3,555 shares in the company, valued at $119,732.40. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Charles Raymond Fernandez sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $35.06, for a total value of $175,300.00. Following the transaction, the director now owns 13,583 shares in the company, valued at $476,219.98. The disclosure for this sale can be found here. Corporate insiders own 1.65% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA raised its position in Healthcare Realty Trust by 9.4% in the second quarter. Glenmede Trust Co. NA now owns 3,283 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 283 shares during the period. Advisor Group Inc. acquired a new position in Healthcare Realty Trust during the second quarter worth approximately $120,000. Spirit of America Management Corp NY acquired a new position in Healthcare Realty Trust during the second quarter worth approximately $175,000. Huntington Asset Advisors Inc. acquired a new position in Healthcare Realty Trust during the first quarter worth approximately $158,000. Finally, BlackRock Japan Co. Ltd raised its position in Healthcare Realty Trust by 2.8% in the first quarter. BlackRock Japan Co. Ltd now owns 5,376 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 147 shares during the last quarter.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust (REIT). The Company owns, acquires, manages, finances and develops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States. It provides property management services for approximately 140 healthcare-related properties, totaling over 9.8 million square feet.
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