According to Zacks, “Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated with the delivery of healthcare services throughout the United States. “
Several other equities research analysts also recently commented on the company. JMP Securities downgraded Healthcare Realty Trust from a market perform rating to an underperform rating and set a $29.00 target price on the stock. in a report on Wednesday, June 22nd. Cantor Fitzgerald reiterated a hold rating on shares of Healthcare Realty Trust in a report on Friday, September 9th. BTIG Research initiated coverage on Healthcare Realty Trust in a report on Thursday, August 25th. They set a neutral rating on the stock. RBC Capital Markets reiterated a hold rating on shares of Healthcare Realty Trust in a report on Monday, August 22nd. Finally, Mizuho raised their target price on Healthcare Realty Trust from $29.00 to $34.00 and gave the company a neutral rating in a report on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $32.13.
Healthcare Realty Trust (NYSE:HR) opened at 31.93 on Tuesday. The firm has a market capitalization of $3.70 billion, a P/E ratio of 48.02 and a beta of 0.47. Healthcare Realty Trust has a 52-week low of $24.94 and a 52-week high of $36.60. The firm has a 50-day moving average price of $34.20 and a 200 day moving average price of $33.29.
Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. The business had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.05 million. Healthcare Realty Trust had a return on equity of 4.50% and a net margin of 16.95%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. Analysts forecast that Healthcare Realty Trust will post $1.63 EPS for the current year.
In other news, Director Nancy H. Agee bought 1,100 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was bought at an average price of $33.68 per share, for a total transaction of $37,048.00. Following the transaction, the director now owns 3,555 shares in the company, valued at $119,732.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles Raymond Fernandez sold 5,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $35.06, for a total value of $175,300.00. Following the completion of the transaction, the director now owns 13,583 shares of the company’s stock, valued at approximately $476,219.98. The disclosure for this sale can be found here. Company insiders own 1.65% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Glenmede Trust Co. NA raised its position in shares of Healthcare Realty Trust by 9.4% in the second quarter. Glenmede Trust Co. NA now owns 3,283 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 283 shares during the last quarter. Advisor Group Inc. bought a new position in Healthcare Realty Trust during the second quarter worth about $120,000. Huntington Asset Advisors Inc. bought a new position in Healthcare Realty Trust during the first quarter worth about $158,000. BlackRock Japan Co. Ltd raised its position in Healthcare Realty Trust by 2.8% in the first quarter. BlackRock Japan Co. Ltd now owns 5,376 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 147 shares in the last quarter. Finally, Spirit of America Management Corp NY bought a new position in Healthcare Realty Trust during the second quarter worth about $175,000.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust (REIT). The Company owns, acquires, manages, finances and develops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States. It provides property management services for approximately 140 healthcare-related properties, totaling over 9.8 million square feet.
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