Healthcare Realty Trust Incorporated (HR) Given Average Rating of “Hold” by Analysts
Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $31.75.
HR has been the topic of a number of research reports. Stifel Nicolaus restated a “buy” rating on shares of Healthcare Realty Trust in a research report on Friday, August 4th. Cantor Fitzgerald restated a “buy” rating and set a $38.00 price objective on shares of Healthcare Realty Trust in a research report on Tuesday, August 15th. BMO Capital Markets restated a “buy” rating and set a $34.00 price objective on shares of Healthcare Realty Trust in a research report on Monday, October 2nd. BidaskClub upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Jefferies Group LLC restated a “hold” rating and set a $34.00 price objective (down from $36.00) on shares of Healthcare Realty Trust in a research report on Thursday, August 10th.
In related news, Director John Knox Singleton purchased 3,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of $31.88 per share, with a total value of $109,986.00. Following the purchase, the director now directly owns 17,693 shares in the company, valued at $564,052.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.85% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in Healthcare Realty Trust by 7.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,375,729 shares of the real estate investment trust’s stock worth $46,982,000 after purchasing an additional 99,174 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Healthcare Realty Trust in the second quarter worth $1,779,000. Geode Capital Management LLC boosted its stake in Healthcare Realty Trust by 6.0% in the first quarter. Geode Capital Management LLC now owns 1,084,930 shares of the real estate investment trust’s stock worth $35,260,000 after purchasing an additional 61,016 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Healthcare Realty Trust by 8.2% in the second quarter. Federated Investors Inc. PA now owns 729,925 shares of the real estate investment trust’s stock worth $24,927,000 after purchasing an additional 55,473 shares in the last quarter. Finally, Forsta AP Fonden boosted its stake in Healthcare Realty Trust by 157.1% in the second quarter. Forsta AP Fonden now owns 41,400 shares of the real estate investment trust’s stock worth $1,414,000 after purchasing an additional 25,300 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Healthcare Realty Trust (NYSE:HR) traded up 0.15% during trading on Friday, reaching $32.50. The company had a trading volume of 515,863 shares. Healthcare Realty Trust has a 12 month low of $26.66 and a 12 month high of $36.25. The stock has a 50 day moving average price of $32.87 and a 200 day moving average price of $33.25. The firm has a market capitalization of $3.79 billion, a PE ratio of 31.25 and a beta of 0.31.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 EPS for the quarter, missing the Thomson Reuters’ 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 return on equity of 7.38% and a net margin of 28.98%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, equities research analysts forecast that Healthcare Realty Trust will post $0.70 EPS for the current year.
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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