Healthcare Realty Trust (NYSE:HR) received a $32.00 target price from analysts at SunTrust Banks in a note issued to investors on Monday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. SunTrust Banks’ price objective would suggest a potential upside of 6.74% from the company’s current price.
Several other equities analysts have also commented on the stock. BMO Capital Markets lowered shares of Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $33.00 price objective for the company. in a research report on Tuesday, January 9th. KeyCorp reaffirmed an “equal weight” rating on shares of Healthcare Realty Trust in a research report on Friday, December 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Healthcare Realty Trust in a research report on Thursday, December 14th. TheStreet lowered shares of Healthcare Realty Trust from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $33.00.
Healthcare Realty Trust (NYSE HR) traded up $0.25 during mid-day trading on Monday, hitting $29.98. 816,500 shares of the company’s stock traded hands, compared to its average volume of 697,869. The stock has a market capitalization of $3,760.00, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 4.51 and a beta of 0.32. Healthcare Realty Trust has a 1-year low of $29.40 and a 1-year high of $36.25. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.63.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). The firm had revenue of $106.95 million for the quarter, compared to analysts’ expectations of $108.97 million. Healthcare Realty Trust had a net margin of 26.70% and a return on equity of 6.62%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. sell-side analysts expect that Healthcare Realty Trust will post 1.55 EPS for the current year.
In other Healthcare Realty Trust news, insider Todd J. Meredith sold 4,720 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $32.77, for a total transaction of $154,674.40. Following the completion of the transaction, the insider now directly owns 414,981 shares of the company’s stock, valued at approximately $13,598,927.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert E. Hull sold 3,994 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $32.86, for a total transaction of $131,242.84. Following the sale, the executive vice president now directly owns 94,796 shares in the company, valued at approximately $3,114,996.56. The disclosure for this sale can be found here. Insiders have sold a total of 16,847 shares of company stock valued at $551,491 over the last three months. 1.85% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of HR. Neuberger Berman Group LLC grew its stake in Healthcare Realty Trust by 0.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 6,267 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 46 shares during the period. Franklin Resources Inc. grew its stake in Healthcare Realty Trust by 43.7% in the 2nd quarter. Franklin Resources Inc. now owns 47,575 shares of the real estate investment trust’s stock valued at $1,625,000 after acquiring an additional 14,470 shares during the period. Wells Fargo & Company MN grew its stake in Healthcare Realty Trust by 10.8% in the 2nd quarter. Wells Fargo & Company MN now owns 103,117 shares of the real estate investment trust’s stock valued at $3,521,000 after acquiring an additional 10,052 shares during the period. Riverhead Capital Management LLC grew its stake in Healthcare Realty Trust by 92.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,355 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 3,055 shares during the period. Finally, Teachers Advisors LLC grew its stake in Healthcare Realty Trust by 6.5% in the 2nd quarter. Teachers Advisors LLC now owns 284,573 shares of the real estate investment trust’s stock valued at $9,718,000 after acquiring an additional 17,263 shares during the period. 94.75% of the stock is currently owned by institutional investors and hedge funds.
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Healthcare Realty Trust Company Profile
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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