Healthcare Realty Trust Incorporated (HR) Given Buy Rating at Cantor Fitzgerald
Healthcare Realty Trust Incorporated (NYSE:HR)‘s stock had its “buy” rating restated by stock analysts at Cantor Fitzgerald in a research note issued to investors on Tuesday. They presently have a $38.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 17.39% from the stock’s previous close.
The analysts wrote, “2017-18 Outlook. Our normalized FFO estimates are $1.60 per share in 2017 (unchanged) and $1.80 in 2018 (vs. prior $1.75). We are making limited changes to our normalized FFO estimates, despite last week’s equity offering, and estimate that the pending Atlanta deal could add $30 million of rent and push up 2018 a nickel relative to our former FFO estimate. Increased divestitures in 1H17 and the 4Q16 sale of three IRFs diluted 1Q17 FFO by $0.01 and 2Q17 by $0.02, but we expect the proceeds to be reinvested by the end of this year.””
HR has been the topic of a number of other reports. Zacks Investment Research downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Jefferies Group LLC downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research report on Thursday, June 15th. They noted that the move was a valuation call. Mizuho reaffirmed a “neutral” rating on shares of Healthcare Realty Trust in a report on Wednesday, June 28th. Stifel Nicolaus lowered their price target on shares of Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Finally, BidaskClub lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.50.
Shares of Healthcare Realty Trust (NYSE HR) traded down 0.53% on Tuesday, hitting $32.20. The stock had a trading volume of 745,589 shares. The company has a market cap of $3.75 billion, a P/E ratio of 30.96 and a beta of 0.29. The company has a 50-day moving average of $33.35 and a 200-day moving average of $32.70. Healthcare Realty Trust has a 52-week low of $26.66 and a 52-week high of $36.38.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $105.67 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. On average, equities analysts anticipate that Healthcare Realty Trust will post $0.74 EPS for the current fiscal year.
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In other news, insider John M. Bryant, Jr. sold 7,000 shares of Healthcare Realty Trust stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $33.51, for a total transaction of $234,570.00. Following the completion of the sale, the insider now directly owns 142,256 shares of the company’s stock, valued at approximately $4,766,998.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.85% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its stake in shares of Healthcare Realty Trust by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 259,254 shares of the real estate investment trust’s stock valued at $7,861,000 after buying an additional 5,789 shares during the last quarter. Capstone Asset Management Co. increased its stake in Healthcare Realty Trust by 3.8% in the first quarter. Capstone Asset Management Co. now owns 10,416 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 380 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Healthcare Realty Trust by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 29,400 shares of the real estate investment trust’s stock worth $956,000 after buying an additional 700 shares in the last quarter. Bennicas & Associates Inc. bought a new stake in Healthcare Realty Trust during the first quarter worth approximately $202,000. Finally, Retirement Systems of Alabama increased its stake in Healthcare Realty Trust by 0.5% in the first quarter. Retirement Systems of Alabama now owns 150,325 shares of the real estate investment trust’s stock worth $4,886,000 after buying an additional 685 shares in the last quarter. Institutional investors own 96.22% of the company’s stock.
Healthcare Realty Trust Company Profile
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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