Healthcare Realty Trust (NYSE:HR) Stock Rating Lowered by Wall Street Zen

Healthcare Realty Trust (NYSE:HR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Friday.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada started coverage on Healthcare Realty Trust in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $19.00 target price for the company. BTIG Research reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Healthcare Realty Trust in a report on Monday, September 29th. Wells Fargo & Company boosted their target price on shares of Healthcare Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Healthcare Realty Trust in a research report on Monday, December 29th. Finally, Citigroup lifted their price target on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.13.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $17.09 on Friday. The firm has a fifty day moving average of $17.34 and a two-hundred day moving average of $17.38. The firm has a market cap of $6.01 billion, a P/E ratio of -16.12 and a beta of 0.96. Healthcare Realty Trust has a 1-year low of $14.09 and a 1-year high of $18.97.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $297.77 million for the quarter, compared to analysts’ expectations of $291.10 million. Healthcare Realty Trust had a negative net margin of 30.51% and a negative return on equity of 7.32%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. On average, sell-side analysts expect that Healthcare Realty Trust will post 1.59 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its position in Healthcare Realty Trust by 233.8% in the 3rd quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after purchasing an additional 5,393,651 shares during the last quarter. Norges Bank bought a new position in Healthcare Realty Trust in the 2nd quarter worth approximately $66,085,000. Russell Investments Group Ltd. grew its holdings in Healthcare Realty Trust by 68.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,392,815 shares of the real estate investment trust’s stock worth $79,201,000 after buying an additional 1,789,111 shares in the last quarter. Rush Island Management LP increased its position in Healthcare Realty Trust by 13.8% in the 2nd quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock valued at $226,166,000 after acquiring an additional 1,728,491 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Healthcare Realty Trust by 418.3% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,947,274 shares of the real estate investment trust’s stock valued at $35,109,000 after acquiring an additional 1,571,583 shares in the last quarter.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.