Zacks Investment Research Lowers Healthcare Realty Trust Incorporated (HR) to Sell
Healthcare Realty Trust Incorporated (NYSE:HR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
According to Zacks, “Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated with the delivery of healthcare services throughout the United States. “
Several other equities analysts have also issued reports on HR. Cantor Fitzgerald lifted their price objective on shares of Healthcare Realty Trust from $35.00 to $38.00 and gave the company a “buy” rating in a report on Monday, June 12th. BidaskClub raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Jefferies Group LLC lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a report on Thursday, June 15th. They noted that the move was a valuation call. Mizuho reissued a “neutral” rating on shares of Healthcare Realty Trust in a report on Wednesday, June 28th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Realty Trust in a report on Friday, August 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Healthcare Realty Trust presently has a consensus rating of “Hold” and an average target price of $32.60.
Healthcare Realty Trust (NYSE:HR) traded down 0.24% on Wednesday, hitting $33.55. The company’s stock had a trading volume of 469,256 shares. Healthcare Realty Trust has a 12 month low of $26.66 and a 12 month high of $36.25. The firm has a 50 day moving average of $32.95 and a 200 day moving average of $33.05. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 32.26 and a beta of 0.30.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.01). Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. The company had revenue of $105.20 million for the quarter, compared to the consensus estimate of $105.67 million. During the same period in the prior year, the firm posted $0.42 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that Healthcare Realty Trust will post $0.71 earnings per share for the current fiscal year.
In related news, Director John Knox Singleton acquired 3,450 shares of the stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $31.88 per share, for a total transaction of $109,986.00. Following the completion of the purchase, the director now owns 17,693 shares of the company’s stock, valued at approximately $564,052.84. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.85% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fiduciary Trust Co. acquired a new position in Healthcare Realty Trust during the second quarter valued at $113,000. Pacad Investment Ltd. lifted its position in Healthcare Realty Trust by 41.2% during the second quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 1,400 shares during the period. Huntington National Bank lifted its position in Healthcare Realty Trust by 36.7% during the second quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock valued at $177,000 after purchasing an additional 1,393 shares during the period. Neuberger Berman Group LLC acquired a new position in Healthcare Realty Trust during the first quarter valued at $202,000. Finally, Cim Investment Mangement Inc. acquired a new position in Healthcare Realty Trust during the first quarter valued at $210,000. Institutional investors own 92.11% of the company’s stock.
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.
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