Healthcare Realty Trust Incorporated (HR) Given Buy Rating at BMO Capital Markets
BMO Capital Markets restated their buy rating on shares of Healthcare Realty Trust Incorporated (NYSE:HR) in a research report released on Monday morning. The firm currently has a $34.00 price objective on the real estate investment trust’s stock.
HR has been the topic of several other reports. Cantor Fitzgerald restated a buy rating and set a $38.00 target price on shares of Healthcare Realty Trust in a research note on Tuesday, August 15th. Jefferies Group LLC reissued a hold rating and issued a $34.00 price target (down previously from $36.00) on shares of Healthcare Realty Trust in a report on Thursday, August 10th. Zacks Investment Research raised Healthcare Realty Trust from a sell rating to a hold rating in a report on Monday, September 25th. KeyCorp restated a sell rating and set a $25.00 price target on shares of Healthcare Realty Trust in a research note on Tuesday, September 26th. Finally, BidaskClub upgraded shares of Healthcare Realty Trust from a sell rating to a hold rating in a report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $33.00.
Healthcare Realty Trust (NYSE:HR) opened at 32.48 on Monday. The company has a market cap of $3.79 billion, a P/E ratio of 31.23 and a beta of 0.31. Healthcare Realty Trust has a 52 week low of $26.66 and a 52 week high of $36.25. The firm’s 50 day moving average is $33.01 and its 200-day moving average is $33.22.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.01). The firm had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $105.67 million. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. Healthcare Realty Trust’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, analysts predict that Healthcare Realty Trust will post $0.71 earnings per share for the current fiscal year.
In other Healthcare Realty Trust news, Director John Knox Singleton purchased 3,450 shares of Healthcare Realty Trust stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $31.88 per share, with a total value of $109,986.00. Following the transaction, the director now owns 17,693 shares of the company’s stock, valued at approximately $564,052.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.85% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Fiduciary Trust Co. purchased a new position in shares of Healthcare Realty Trust during the second quarter worth $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. 92.18% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Healthcare Realty Trust Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Realty Trust Incorporated and related stocks with our FREE daily email newsletter.