Healthcare Realty Trust Inc (HR) Receives Consensus Rating of “Hold” from Analysts
Shares of Healthcare Realty Trust Inc (NYSE:HR) have been given a consensus rating of “Hold” by the eleven ratings firms that are covering the stock. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $34.00.
A number of equities analysts have recently commented on the stock. Jefferies Group LLC restated a “buy” rating and set a $36.00 price objective on shares of Healthcare Realty Trust in a research note on Friday, May 12th. Stifel Nicolaus reduced their price objective on shares of Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, May 9th. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. BMO Capital Markets upgraded shares of Healthcare Realty Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $31.00 to $33.00 in a research note on Wednesday, March 15th. Finally, Cantor Fitzgerald upgraded shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, January 31st.
Shares of Healthcare Realty Trust (NYSE:HR) traded up 0.59% during mid-day trading on Tuesday, hitting $33.90. The company’s stock had a trading volume of 900,905 shares. Healthcare Realty Trust has a 1-year low of $26.66 and a 1-year high of $36.60. The company has a 50-day moving average price of $32.87 and a 200-day moving average price of $31.01. The stock has a market cap of $3.95 billion, a PE ratio of 35.28 and a beta of 0.27.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a return on equity of 3.81% and a net margin of 12.79%. The business had revenue of $104.57 million for the quarter, compared to analyst estimates of $106.03 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. Analysts predict that Healthcare Realty Trust will post $0.64 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.56%. Healthcare Realty Trust’s dividend payout ratio is 240.00%.
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In related news, Director Bruce D. Sullivan sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $32.28, for a total value of $96,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Knox Singleton bought 15,773 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The stock was purchased at an average price of $31.86 per share, with a total value of $502,527.78. Following the completion of the purchase, the director now directly owns 12,498 shares in the company, valued at approximately $398,186.28. The disclosure for this purchase can be found here. Insiders sold a total of 32,129 shares of company stock valued at $1,045,827 over the last quarter. 1.65% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of HR. Vanguard Group Inc. increased its stake in shares of Healthcare Realty Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 18,428,241 shares of the real estate investment trust’s stock valued at $598,918,000 after buying an additional 486,685 shares during the period. BlackRock Inc. increased its stake in shares of Healthcare Realty Trust by 6,758.3% in the first quarter. BlackRock Inc. now owns 14,975,042 shares of the real estate investment trust’s stock valued at $486,689,000 after buying an additional 14,756,694 shares during the period. FMR LLC increased its stake in shares of Healthcare Realty Trust by 21.9% in the fourth quarter. FMR LLC now owns 7,344,921 shares of the real estate investment trust’s stock valued at $222,698,000 after buying an additional 1,317,988 shares during the period. State Street Corp increased its stake in shares of Healthcare Realty Trust by 1.3% in the first quarter. State Street Corp now owns 5,759,533 shares of the real estate investment trust’s stock valued at $187,191,000 after buying an additional 74,308 shares during the period. Finally, Morgan Stanley increased its stake in shares of Healthcare Realty Trust by 52.5% in the first quarter. Morgan Stanley now owns 5,297,551 shares of the real estate investment trust’s stock valued at $172,171,000 after buying an additional 1,822,804 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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