Healthcare Realty Trust Inc. (HR) Lowered 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 research report issued 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. “
A number of other research firms have also recently issued reports on HR. 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 note on Wednesday, June 22nd. Cantor Fitzgerald began coverage on Healthcare Realty Trust in a research note on Thursday, June 23rd. They set a “hold” rating and a $37.00 target price for the company. Stifel Nicolaus increased their target price on Healthcare Realty Trust from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Mizuho increased their target price on Healthcare Realty Trust from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, RBC Capital Markets reissued a “hold” rating on shares of Healthcare Realty Trust in a research note on Monday, August 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $32.13.
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Healthcare Realty Trust (NYSE:HR) traded down 1.15% on Tuesday, hitting $31.93. 370,804 shares of the stock traded hands. Healthcare Realty Trust has a 12-month low of $24.94 and a 12-month high of $36.60. The company’s 50 day moving average price is $34.20 and its 200-day moving average price is $33.29. The stock has a market capitalization of $3.70 billion, a P/E ratio of 48.02 and a beta of 0.48.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.05 million. Healthcare Realty Trust had a net margin of 16.95% and a return on equity of 4.50%. Healthcare Realty Trust’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. Analysts predict that Healthcare Realty Trust will post $1.63 EPS for the current year.
In related news, Director Charles Raymond Fernandez sold 5,000 shares of the firm’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $35.06, for a total value of $175,300.00. Following the completion of the transaction, the director now directly owns 13,583 shares of the company’s stock, valued at $476,219.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy H. Agee bought 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average cost of $33.68 per share, with a total value of $37,048.00. Following the completion of the purchase, the director now directly owns 3,555 shares of the company’s stock, valued at approximately $119,732.40. The disclosure for this purchase can be found here. 1.65% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA increased its stake in shares of 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 in the last quarter. Advisor Group Inc. acquired a new stake in shares of Healthcare Realty Trust during the second quarter valued at about $120,000. Huntington Asset Advisors Inc. acquired a new stake in shares of Healthcare Realty Trust during the first quarter valued at about $158,000. BlackRock Japan Co. Ltd increased its stake in shares of 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 valued at $166,000 after buying an additional 147 shares in the last quarter. Finally, Spirit of America Management Corp NY acquired a new stake in shares of Healthcare Realty Trust during the second quarter valued at about $175,000.
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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