Healthcare Realty Trust Incorporated (HR) Downgraded to “Sell” at Zacks Investment Research
Healthcare Realty Trust Incorporated (NYSE:HR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a 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 analysts also recently commented on the company. KeyCorp reaffirmed a “sell” rating and issued a $25.00 price target on shares of Healthcare Realty Trust in a research note on Tuesday, September 26th. Mizuho reaffirmed a “neutral” rating on shares of Healthcare Realty Trust in a research note on Wednesday, June 28th. BidaskClub downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Morgan Stanley boosted their price target on Healthcare Realty Trust from $32.50 to $34.00 and gave the company an “overweight” rating in a research note on Monday, September 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $34.00 price target (down previously from $36.00) on shares of Healthcare Realty Trust in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.00.
Shares of Healthcare Realty Trust (NYSE HR) traded up 0.56% during trading on Tuesday, hitting $32.51. 713,696 shares of the stock were exchanged. The company has a market cap of $3.79 billion, a P/E ratio of 31.26 and a beta of 0.31. The firm’s 50-day moving average is $32.93 and its 200 day moving average is $33.26. Healthcare Realty Trust has a 1-year low of $26.66 and a 1-year high of $36.25.
Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). The business had revenue of $105.20 million during the quarter, compared to the consensus estimate of $105.67 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 EPS. Equities analysts forecast that Healthcare Realty Trust will post $0.70 earnings per share for the current fiscal year.
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In other Healthcare Realty Trust news, Director John Knox Singleton bought 3,450 shares of the stock in a transaction on Tuesday, August 15th. The stock was purchased at an average price of $31.88 per share, with a total value of $109,986.00. Following the completion of the purchase, the director now owns 17,693 shares in the company, valued at $564,052.84. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.85% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of HR. UBS Asset Management Americas Inc. increased its stake in shares of Healthcare Realty Trust by 19.7% in the first quarter. UBS Asset Management Americas Inc. now owns 236,643 shares of the real estate investment trust’s stock valued at $7,691,000 after buying an additional 38,946 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Healthcare Realty Trust by 20.9% in the first quarter. Parametric Portfolio Associates LLC now owns 100,674 shares of the real estate investment trust’s stock valued at $3,272,000 after buying an additional 17,421 shares during the period. Stifel Financial Corp increased its stake in shares of Healthcare Realty Trust by 1.0% in the first quarter. Stifel Financial Corp now owns 9,648 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 100 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of Healthcare Realty Trust in the first quarter valued at approximately $202,000. Finally, Principal Financial Group Inc. increased its stake in shares of Healthcare Realty Trust by 1.5% in the first quarter. Principal Financial Group Inc. now owns 470,115 shares of the real estate investment trust’s stock valued at $15,279,000 after buying an additional 6,997 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.
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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