Healthcare Realty Trust (NYSE:HR) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report released on Tuesday, November 26th, Marketbeat.com reports. The brokerage currently has a $35.00 price target on the real estate investment trust’s stock, up from their previous price target of $33.00. Stifel Nicolaus’ price target points to a potential upside of 7.20% from the stock’s current price.
Several other equities research analysts also recently issued reports on the company. Berenberg Bank assumed coverage on Healthcare Realty Trust in a report on Thursday, September 12th. They set a “buy” rating on the stock. Morgan Stanley lifted their price target on shares of Healthcare Realty Trust from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 17th. BMO Capital Markets reiterated a “hold” rating and set a $31.00 price objective on shares of Healthcare Realty Trust in a research note on Wednesday, November 6th. ValuEngine downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, November 26th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.50.
Shares of HR stock traded up $0.48 on Tuesday, reaching $32.65. 729,146 shares of the stock were exchanged, compared to its average volume of 717,197. The firm has a 50 day moving average of $32.91 and a two-hundred day moving average of $32.86. The stock has a market cap of $4.33 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 9.16 and a beta of 0.27. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.80. Healthcare Realty Trust has a 1-year low of $27.08 and a 1-year high of $34.89.
Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.37). Healthcare Realty Trust had a net margin of 6.12% and a return on equity of 1.59%. The business had revenue of $119.80 million for the quarter, compared to analyst estimates of $117.93 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts predict that Healthcare Realty Trust will post 1.6 EPS for the current fiscal year.
In related news, CEO Todd J. Meredith sold 3,500 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $32.25, for a total value of $112,875.00. Following the completion of the transaction, the chief executive officer now directly owns 495,272 shares of the company’s stock, valued at approximately $15,972,522. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Todd J. Meredith sold 10,500 shares of Healthcare Realty Trust stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.42, for a total value of $340,410.00. Following the sale, the chief executive officer now directly owns 495,272 shares in the company, valued at approximately $16,056,718.24. The disclosure for this sale can be found here. 1.87% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Municipal Employees Retirement System of Michigan boosted its position in Healthcare Realty Trust by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 23,170 shares of the real estate investment trust’s stock worth $726,000 after acquiring an additional 340 shares during the period. Virginia Retirement Systems ET AL boosted its stake in shares of Healthcare Realty Trust by 1.2% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 33,200 shares of the real estate investment trust’s stock valued at $1,112,000 after buying an additional 400 shares during the period. Metropolitan Life Insurance Co NY grew its holdings in shares of Healthcare Realty Trust by 1.1% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 80,307 shares of the real estate investment trust’s stock valued at $2,690,000 after acquiring an additional 902 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Healthcare Realty Trust by 4.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,505 shares of the real estate investment trust’s stock worth $705,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Providence Capital Advisors LLC increased its stake in shares of Healthcare Realty Trust by 2.6% in the second quarter. Providence Capital Advisors LLC now owns 40,685 shares of the real estate investment trust’s stock worth $1,274,000 after acquiring an additional 1,024 shares during the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.
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 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.
Read More: Dividend Aristocrat Index
Receive News & Ratings for Healthcare Realty Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Healthcare Realty Trust and related companies with MarketBeat.com’s FREE daily email newsletter.