Berenberg Bank Begins Coverage on Healthcare Realty Trust (NYSE:HR)

Equities research analysts at Berenberg Bank began coverage on shares of Healthcare Realty Trust (NYSE:HR) in a note issued to investors on Thursday, The Fly reports. The firm set a “buy” rating on the real estate investment trust’s stock.

HR has been the topic of a number of other reports. Citigroup began coverage on Healthcare Realty Trust in a report on Thursday, June 20th. They set a “neutral” rating and a $34.00 price target on the stock. Zacks Investment Research downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Capital One Financial reaffirmed an “equal weight” rating on shares of Healthcare Realty Trust in a report on Thursday, August 1st. Finally, ValuEngine downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.75.

Shares of HR stock opened at $33.15 on Thursday. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 9.61 and a beta of 0.33. The business’s fifty day moving average is $32.77 and its 200 day moving average is $32.08. Healthcare Realty Trust has a twelve month low of $26.98 and a twelve month high of $33.89. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.82.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.37). Healthcare Realty Trust had a return on equity of 1.83% and a net margin of 7.08%. The company had revenue of $116.32 million during the quarter, compared to analysts’ expectations of $114.50 million. During the same period in the prior year, the company posted $0.40 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Healthcare Realty Trust will post 1.58 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of HR. Price T Rowe Associates Inc. MD lifted its holdings in Healthcare Realty Trust by 5.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,117,172 shares of the real estate investment trust’s stock valued at $285,550,000 after acquiring an additional 473,389 shares during the period. Capital Advisors Inc. OK raised its stake in shares of Healthcare Realty Trust by 313.3% in the second quarter. Capital Advisors Inc. OK now owns 335,793 shares of the real estate investment trust’s stock worth $10,517,000 after buying an additional 254,552 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Healthcare Realty Trust by 12.3% in the second quarter. Bank of New York Mellon Corp now owns 2,156,928 shares of the real estate investment trust’s stock worth $67,555,000 after buying an additional 235,936 shares during the period. Eaton Vance Management raised its stake in shares of Healthcare Realty Trust by 46.3% in the second quarter. Eaton Vance Management now owns 665,394 shares of the real estate investment trust’s stock worth $20,840,000 after buying an additional 210,438 shares during the period. Finally, FMR LLC raised its stake in shares of Healthcare Realty Trust by 3.6% in the first quarter. FMR LLC now owns 5,990,701 shares of the real estate investment trust’s stock worth $192,361,000 after buying an additional 209,843 shares during the period. 96.67% of the stock is currently owned by institutional investors.

About Healthcare Realty Trust

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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