Healthcare Realty Trust Incorporated (HR) Stock Rating Upgraded by Zacks Investment Research
Healthcare Realty Trust Incorporated (NYSE:HR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
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 research analysts have also recently weighed in on the company. Mizuho reiterated a “hold” rating and issued a $34.00 target price on shares of Healthcare Realty Trust in a report on Sunday. Stifel Nicolaus reiterated a “buy” rating and issued a $34.00 target price on shares of Healthcare Realty Trust in a report on Friday, November 3rd. BMO Capital Markets reiterated a “buy” rating and issued a $34.00 target price on shares of Healthcare Realty Trust in a report on Thursday, November 2nd. KeyCorp set a $25.00 price objective on Healthcare Realty Trust and gave the stock a “sell” rating in a research note on Sunday, October 29th. Finally, Morgan Stanley upped their price objective on Healthcare Realty Trust from $32.50 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, September 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $33.29.
Healthcare Realty Trust (HR) opened at $32.50 on Monday. Healthcare Realty Trust has a 1-year low of $26.66 and a 1-year high of $36.25. The stock has a market capitalization of $4,080.16, a price-to-earnings ratio of 20.81, a P/E/G ratio of 5.18 and a beta of 0.32. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.63.
Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). Healthcare Realty Trust had a return on equity of 6.62% and a net margin of 26.70%. The firm had revenue of $106.95 million during the quarter, compared to analysts’ expectations of $108.97 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. Healthcare Realty Trust’s quarterly revenue was up 3.2% compared to the same quarter last year. equities analysts expect that Healthcare Realty Trust will post 1.58 earnings per share for the current year.
In related news, Director John Knox Singleton acquired 3,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $31.88 per share, for a total transaction of $109,986.00. Following the purchase, the director now directly owns 17,693 shares of the company’s stock, valued at approximately $564,052.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.85% of the company’s stock.
A number of large investors have recently made changes to their positions in HR. Fiduciary Trust Co. acquired a new position in Healthcare Realty Trust during the 2nd quarter valued at about $113,000. Quantbot Technologies LP acquired a new position in Healthcare Realty Trust during the 3rd quarter valued at about $130,000. Pacad Investment Ltd. increased its position in Healthcare Realty Trust by 41.2% during the 2nd quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 1,400 shares in the last quarter. Huntington National Bank increased its position in Healthcare Realty Trust by 36.7% during the 2nd quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 1,393 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Healthcare Realty Trust by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 72 shares in the last quarter. 91.40% of the stock is currently owned by institutional investors.
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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