Healthcare Realty Trust (NYSE:HR) Stock Gets Price Target Bump from UBS Group

Healthcare Realty Trust (NYSE:HR) had its target price boosted by analysts at UBS Group from $18.00 to $20.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group‘s price objective would suggest a potential upside of 3.97% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Cantor Fitzgerald raised their target price on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Jefferies Financial Group began coverage on shares of Healthcare Realty Trust in a research note on Tuesday, September 15th. They issued a “hold” rating and a $20.00 price target for the company. Wells Fargo & Company decreased their price target on shares of Healthcare Realty Trust from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Healthcare Realty Trust in a research report on Wednesday, October 28th. Finally, Royal Bank Of Canada lifted their price objective on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.55.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock traded down $0.11 during midday trading on Wednesday, hitting $19.24. 4,535,116 shares of the company’s stock were exchanged, compared to its average volume of 4,147,299. The company has a market cap of $6.51 billion, a P/E ratio of -137.40 and a beta of 0.92. The stock has a 50-day moving average price of $18.18 and a two-hundred day moving average price of $18.89. Healthcare Realty Trust has a 52-week low of $16.31 and a 52-week high of $22.04.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.46). The business had revenue of $286.64 million during the quarter, compared to analysts’ expectations of $275.27 million. Healthcare Realty Trust had a negative net margin of 3.96% and a negative return on equity of 1.02%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 EPS. As a group, sell-side analysts expect that Healthcare Realty Trust will post 1.66 earnings per share for the current year.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust news, COO Robert Hull sold 21,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $19.11, for a total value of $401,310.00. Following the transaction, the chief operating officer directly owned 276,338 shares of the company’s stock, valued at $5,280,819.18. The trade was a 7.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Healthcare Realty Trust

A number of institutional investors have recently made changes to their positions in the stock. Continuum Advisory LLC purchased a new position in shares of Healthcare Realty Trust in the second quarter worth $26,000. Pathway Financial Advisers LLC bought a new stake in Healthcare Realty Trust during the 3rd quarter valued at $25,000. TD Waterhouse Canada Inc. purchased a new stake in Healthcare Realty Trust during the 3rd quarter valued at $28,000. William Mack & Associates Inc. purchased a new stake in Healthcare Realty Trust during the 3rd quarter valued at $30,000. Finally, IFP Advisors Inc boosted its position in Healthcare Realty Trust by 310.4% during the 2nd quarter. IFP Advisors Inc now owns 1,773 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,341 shares during the period.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated is a real estate investment trust that owns, leases, and operates healthcare properties, with a focus on outpatient medical buildings. Its tenants include health systems, physician groups, and other healthcare providers. The company’s activities include leasing and managing medical office space, as well as acquiring and developing properties. Many of its buildings are located near hospitals or other healthcare campuses, supporting providers’ outpatient services.