Healthcare Realty Trust (NYSE:HR) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a report issued on Wednesday, TheStreetRatingsTable reports.
HR has been the topic of several other reports. Zacks Investment Research lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, April 26th. Wells Fargo & Company boosted their target price on shares of Healthcare Realty Trust from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 31st. Finally, Morgan Stanley boosted their target price on shares of Healthcare Realty Trust from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, March 15th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Healthcare Realty Trust presently has an average rating of “Buy” and an average target price of $32.56.
NYSE:HR opened at $32.42 on Wednesday. The firm has a fifty day moving average price of $31.16. Healthcare Realty Trust has a 1-year low of $26.77 and a 1-year high of $34.01. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.81. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 48.39 and a beta of 0.58.
In related news, EVP Robert E. Hull sold 11,447 shares of the business’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $31.00, for a total value of $354,857.00. Following the completion of the transaction, the executive vice president now owns 155,287 shares of the company’s stock, valued at approximately $4,813,897. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new position in Healthcare Realty Trust in the 4th quarter valued at about $29,000. Cowa LLC acquired a new position in shares of Healthcare Realty Trust during the 4th quarter valued at about $30,000. Marshall Wace North America L.P. acquired a new position in shares of Healthcare Realty Trust during the 1st quarter valued at about $39,000. Rockefeller Capital Management L.P. increased its stake in shares of Healthcare Realty Trust by 29.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 1,684 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 384 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Healthcare Realty Trust by 66.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,495 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 995 shares during the last quarter. 95.84% of the stock is owned by hedge funds and other institutional investors.
Healthcare Realty Trust Company Profile
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 September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.
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