Berenberg Bank initiated coverage on shares of Healthcare Realty Trust (NYSE:HR) in a research note issued to investors on Thursday, The Fly reports. The firm issued a buy rating on the real estate investment trust’s stock.

HR has been the subject of a number of other reports. Citigroup assumed coverage on shares of Healthcare Realty Trust in a research note on Thursday, June 20th. They issued a neutral rating and a $34.00 target price for the company. ValuEngine cut shares of Healthcare Realty Trust from a buy rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of Healthcare Realty Trust from a hold rating to a sell rating in a research note on Wednesday, July 17th. Finally, Capital One Financial restated an equal weight rating on shares of Healthcare Realty Trust in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $32.75.

HR stock traded down $0.76 during trading on Thursday, reaching $32.61. The company had a trading volume of 59,759 shares, compared to its average volume of 682,341. The firm has a 50-day simple moving average of $32.77 and a 200-day simple moving average of $32.08. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 9.40 and a beta of 0.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.13 and a current ratio of 0.13. Healthcare Realty Trust has a twelve month low of $26.98 and a twelve month high of $33.89.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.37). The company had revenue of $116.32 million during the quarter, compared to analyst estimates of $114.50 million. Healthcare Realty Trust had a return on equity of 1.83% and a net margin of 7.08%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.40 earnings per share. Sell-side analysts expect that Healthcare Realty Trust will post 1.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.68%. The ex-dividend date was Wednesday, August 14th. Healthcare Realty Trust’s payout ratio is 76.43%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Healthcare Realty Trust by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 18,807,903 shares of the real estate investment trust’s stock valued at $589,064,000 after acquiring an additional 66,439 shares during the period. BlackRock Inc. lifted its stake in Healthcare Realty Trust by 0.5% during the 2nd quarter. BlackRock Inc. now owns 18,435,111 shares of the real estate investment trust’s stock valued at $577,386,000 after acquiring an additional 90,640 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Healthcare Realty Trust by 5.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,117,172 shares of the real estate investment trust’s stock valued at $285,550,000 after acquiring an additional 473,389 shares during the period. FMR LLC lifted its stake in shares of Healthcare Realty Trust by 3.6% in the 1st quarter. FMR LLC now owns 5,990,701 shares of the real estate investment trust’s stock valued at $192,361,000 after purchasing an additional 209,843 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Healthcare Realty Trust by 3.2% in the 2nd quarter. Northern Trust Corp now owns 3,366,053 shares of the real estate investment trust’s stock valued at $105,425,000 after purchasing an additional 103,638 shares during the period. Institutional investors and hedge funds own 96.67% of the company’s stock.

About Healthcare Realty Trust

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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