Healthcare Realty Trust Inc (HR) Given Consensus Rating of “Buy” by Brokerages

Healthcare Realty Trust Inc (NYSE:HR) has earned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $34.00.

Several analysts recently commented on the stock. KeyCorp reiterated a “sell” rating and issued a $25.00 price objective on shares of Healthcare Realty Trust in a research note on Tuesday, September 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $34.00 price objective on shares of Healthcare Realty Trust in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley raised their price objective on shares of 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, BMO Capital Markets reiterated a “buy” rating and issued a $34.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, October 2nd.

Shares of Healthcare Realty Trust (NYSE HR) traded down $0.72 during trading hours on Friday, hitting $31.03. 403,100 shares of the stock traded hands, compared to its average volume of 618,633. The stock has a market capitalization of $3,965.26, a P/E ratio of 31.99, a price-to-earnings-growth ratio of 4.78 and a beta of 0.32. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.63. Healthcare Realty Trust has a 1-year low of $29.67 and a 1-year high of $36.25.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). The firm had revenue of $106.95 million during the quarter, compared to analysts’ expectations of $108.97 million. Healthcare Realty Trust had a net margin of 26.70% and a return on equity of 6.62%. The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. sell-side analysts forecast that Healthcare Realty Trust will post 1.55 earnings per share for the current fiscal year.

In related news, Director John Knox Singleton acquired 3,074 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $32.55 per share, for a total transaction of $100,058.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert E. Hull sold 1,495 shares of Healthcare Realty Trust stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $33.87, for a total transaction of $50,635.65. Following the transaction, the executive vice president now owns 94,796 shares of the company’s stock, valued at approximately $3,210,740.52. The disclosure for this sale can be found here. Insiders sold 16,847 shares of company stock valued at $551,491 in the last quarter. Company insiders own 1.85% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC raised its position in Healthcare Realty Trust by 0.7% during the second quarter. Neuberger Berman Group LLC now owns 6,267 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 46 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Healthcare Realty Trust by 1.2% during the second quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 72 shares during the last quarter. GAM Holding AG raised its position in Healthcare Realty Trust by 3.1% during the second quarter. GAM Holding AG now owns 9,931 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 297 shares during the last quarter. Amalgamated Bank raised its position in Healthcare Realty Trust by 2.3% during the second quarter. Amalgamated Bank now owns 16,440 shares of the real estate investment trust’s stock worth $561,000 after acquiring an additional 372 shares during the last quarter. Finally, Kempen Capital Management N.V. raised its position in Healthcare Realty Trust by 1.3% during the second quarter. Kempen Capital Management N.V. now owns 39,076 shares of the real estate investment trust’s stock worth $1,334,000 after acquiring an additional 502 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

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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.

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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