Healthcare Realty Trust (HR) Earns “Buy” Rating from Cantor Fitzgerald

Healthcare Realty Trust (NYSE:HR)‘s stock had its “buy” rating reissued by equities researchers at Cantor Fitzgerald in a report released on Wednesday. They presently have a $38.00 target price on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 37.18% from the stock’s current price.

The analysts wrote, “HR reported in-line 4Q17 results and expects more capital recycling in 2018. The company also started a major development in Seattle. 4Q17 revenue was $107.7 million vs. our $111.4 million estimate, and 4Q17 normalized FFO was $0.38 vs. our $0.39 estimate.””

Several other equities analysts have also recently weighed in on HR. SunTrust Banks set a $32.00 price target on Healthcare Realty Trust and gave the company a “hold” rating in a research report on Monday, January 22nd. Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. KeyCorp set a $25.00 target price on Healthcare Realty Trust and gave the stock a “sell” rating in a research report on Sunday, October 29th. Mizuho restated a “hold” rating and set a $34.00 target price on shares of Healthcare Realty Trust in a research report on Sunday, November 5th. Finally, BMO Capital Markets restated a “buy” rating and set a $34.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.00.

Shares of Healthcare Realty Trust (NYSE HR) traded down $0.51 during midday trading on Wednesday, hitting $27.70. The stock had a trading volume of 726,033 shares, compared to its average volume of 849,917. The stock has a market capitalization of $3,535.64, a PE ratio of 28.56, a PEG ratio of 4.26 and a beta of 0.20. Healthcare Realty Trust has a one year low of $27.48 and a one year high of $36.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.82 and a current ratio of 2.82.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, February 14th. 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 company had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $109.91 million. Healthcare Realty Trust had a net margin of 26.70% and a return on equity of 6.62%. Healthcare Realty Trust’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. analysts predict that Healthcare Realty Trust will post 1.55 EPS for the current fiscal year.

In related news, EVP John M. Bryant, Jr. sold 6,638 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $32.38, for a total transaction of $214,938.44. Following the completion of the transaction, the executive vice president now directly owns 176,812 shares in the company, valued at $5,725,172.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert E. Hull sold 1,495 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $33.87, for a total value of $50,635.65. Following the transaction, the executive vice president now owns 94,796 shares of the company’s stock, valued at $3,210,740.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,847 shares of company stock valued at $551,491. 1.85% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in Healthcare Realty Trust during the third quarter worth about $130,000. Wolverine Asset Management LLC bought a new stake in Healthcare Realty Trust during the fourth quarter worth about $204,000. PNC Financial Services Group Inc. lifted its stake 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 purchasing an additional 72 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Healthcare Realty Trust during the third quarter worth about $218,000. Finally, Signition LP bought a new stake in Healthcare Realty Trust during the fourth quarter worth about $237,000. 93.24% of the stock is owned by hedge funds and other institutional investors.

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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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