Healthcare Realty Trust (NYSE:HR) Price Target Raised to $16.00 at Wedbush

Healthcare Realty Trust (NYSE:HR) had its price objective raised by stock analysts at Wedbush from $15.00 to $16.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Wedbush’s price target suggests a potential upside of 5.06% from the stock’s previous close.

Other analysts have also issued research reports about the company. Wells Fargo & Company cut their price objective on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Stifel Nicolaus cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. decreased their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $17.30.

Healthcare Realty Trust Stock Down 1.2 %

Healthcare Realty Trust stock traded down $0.18 during mid-day trading on Wednesday, hitting $15.23. 948,825 shares of the company’s stock traded hands, compared to its average volume of 3,408,778. Healthcare Realty Trust has a one year low of $12.77 and a one year high of $20.30. The company has a market cap of $5.81 billion, a PE ratio of -20.63 and a beta of 0.78. The firm has a 50 day moving average price of $13.91 and a 200 day moving average price of $15.06.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The company had revenue of $330.40 million during the quarter, compared to analyst estimates of $334.32 million. During the same period in the previous year, the company earned $0.42 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts expect that Healthcare Realty Trust will post 1.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Healthcare Realty Trust

Hedge funds have recently modified their holdings of the business. Provence Wealth Management Group acquired a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $25,000. Lindbrook Capital LLC raised its stake in Healthcare Realty Trust by 106.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 954 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Healthcare Realty Trust by 47.4% in the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 622 shares in the last quarter. Muzinich & Co. Inc. increased its position in shares of Healthcare Realty Trust by 98.1% during the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Quarry LP bought a new position in Healthcare Realty Trust during the 4th quarter valued at about $39,000.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.