Healthcare Realty Trust (NYSE:HR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Healthcare Realty Trust (NYSE:HR) from a sell rating to a hold rating in a research report sent to investors on Saturday.

HR has been the topic of several other research reports. Wells Fargo & Company raised their price target on shares of Healthcare Realty Trust from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Citigroup boosted their target price on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Royal Bank Of Canada assumed coverage on Healthcare Realty Trust in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $19.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Healthcare Realty Trust in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.13.

Healthcare Realty Trust Stock Performance

Shares of HR opened at $16.54 on Friday. The stock has a 50-day moving average of $17.19 and a two-hundred day moving average of $17.41. The stock has a market cap of $5.81 billion, a P/E ratio of -15.60 and a beta of 0.97. Healthcare Realty Trust has a one year low of $14.09 and a one year high of $18.97.

Institutional Trading of Healthcare Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Wiser Advisor Group LLC purchased a new position in shares of Healthcare Realty Trust during the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC raised its position in Healthcare Realty Trust by 179.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,033 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of Healthcare Realty Trust in the third quarter valued at about $32,000. Financial Gravity Companies Inc. purchased a new stake in shares of Healthcare Realty Trust during the second quarter worth about $45,000. Finally, Danske Bank A S acquired a new position in shares of Healthcare Realty Trust during the 3rd quarter worth about $47,000.

About Healthcare Realty Trust

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.