Zacks Investment Research Upgrades Healthcare Realty Trust Inc (HR) to “Hold”
Healthcare Realty Trust Inc (NYSE:HR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a 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. “
HR has been the subject of a number of other research reports. KeyCorp downgraded shares of Healthcare Realty Trust from a “sector weight” rating to an “underweight” rating in a research report on Thursday, December 15th. Jefferies Group LLC started coverage on shares of Healthcare Realty Trust in a research report on Friday, December 16th. They issued a “buy” rating for the company. Cantor Fitzgerald upgraded shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, January 31st. Wells Fargo & Co upgraded shares of Healthcare Realty Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 13th. Finally, BMO Capital Markets started coverage on shares of Healthcare Realty Trust in a research report on Thursday, December 22nd. They issued a “market perform” rating and a $31.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $32.67.
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Shares of Healthcare Realty Trust (NYSE:HR) traded down 0.93% during trading on Monday, reaching $30.87. 425,332 shares of the company’s stock were exchanged. Healthcare Realty Trust has a 52-week low of $26.66 and a 52-week high of $36.60. The company has a 50 day moving average of $30.92 and a 200 day moving average of $31.26. The firm has a market capitalization of $3.59 billion, a P/E ratio of 39.68 and a beta of 0.27.
Healthcare Realty Trust (NYSE:HR) last released its earnings results on Wednesday, February 15th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.28. Healthcare Realty Trust had a net margin of 12.79% and a return on equity of 3.81%. The company earned $105.30 million during the quarter, compared to the consensus estimate of $98.58 million. Equities analysts anticipate that Healthcare Realty Trust will post $0.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Tuesday, February 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, February 10th. This represents a $1.20 annualized dividend and a dividend yield of 3.89%. Healthcare Realty Trust’s dividend payout ratio (DPR) is 240.00%.
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In other news, Director Bruce D. Sullivan sold 3,000 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $32.28, for a total transaction of $96,840.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Knox Singleton purchased 15,773 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were acquired at an average price of $31.86 per share, for a total transaction of $502,527.78. Following the purchase, the director now owns 12,498 shares in the company, valued at $398,186.28. The disclosure for this purchase can be found here. Corporate insiders own 1.65% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC raised its position in shares of Healthcare Realty Trust by 506.1% in the third quarter. Riverhead Capital Management LLC now owns 3,600 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 3,006 shares during the period. Hexavest Inc. acquired a new position in shares of Healthcare Realty Trust during the third quarter valued at approximately $126,000. Daiwa Securities Group Inc. raised its position in shares of Healthcare Realty Trust by 16.2% in the third quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 600 shares during the period. Elkfork Partners LLC acquired a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $172,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of Healthcare Realty Trust by 157.6% in the third quarter. Catalyst Capital Advisors LLC now owns 5,100 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 3,120 shares during the period.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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