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

Healthcare Realty Trust (NYSE:HR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

HR has been the subject of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of Healthcare Realty Trust in a report on Monday, December 29th. Wells Fargo & Company raised their target price on shares of Healthcare Realty Trust from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Citigroup lifted their price target on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Royal Bank Of Canada assumed coverage on Healthcare Realty Trust in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Healthcare Realty Trust has a consensus rating of “Hold” and an average price target of $19.13.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $16.77 on Friday. Healthcare Realty Trust has a 12-month low of $14.09 and a 12-month high of $18.97. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of -15.82 and a beta of 0.96. The business has a 50 day simple moving average of $17.22 and a 200 day simple moving average of $17.39.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. On average, equities analysts anticipate that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new position in Healthcare Realty Trust during the 3rd quarter worth approximately $25,000. Smartleaf Asset Management LLC lifted its holdings in shares of Healthcare Realty Trust by 179.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,033 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Healthcare Realty Trust in the third quarter worth $32,000. Danske Bank A S acquired a new stake in shares of Healthcare Realty Trust in the third quarter worth $47,000. Finally, Financial Gravity Companies Inc. purchased a new position in shares of Healthcare Realty Trust during the second quarter valued at $45,000.

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.