Healthcare Realty Trust (NYSE:HR) Raised to “Moderate Buy” at Raymond James Financial

Healthcare Realty Trust (NYSE:HR) was upgraded by stock analysts at Raymond James Financial to a “moderate buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

HR has been the topic of a number of other research reports. Scotiabank boosted their price target on shares of Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, May 8th. UBS Group boosted their target price on shares of Healthcare Realty Trust from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Citigroup boosted their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wells Fargo & Company upped their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Finally, Weiss Ratings downgraded shares of Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.11.

Healthcare Realty Trust Price Performance

NYSE HR opened at $20.06 on Tuesday. The company’s 50 day simple moving average is $19.44 and its 200 day simple moving average is $18.15. Healthcare Realty Trust has a 12 month low of $14.92 and a 12 month high of $20.90. The company has a market capitalization of $6.95 billion, a P/E ratio of -34.59 and a beta of 0.98.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Healthcare Realty Trust had a negative net margin of 17.34% and a negative return on equity of 4.29%. The business had revenue of $275.28 million for the quarter, compared to the consensus estimate of $283.01 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. On average, analysts anticipate that Healthcare Realty Trust will post 1.61 earnings per share for the current year.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of hedge funds have recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC increased its position in shares of Healthcare Realty Trust by 4.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 12,580 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 579 shares in the last quarter. US Bancorp DE grew its holdings in Healthcare Realty Trust by 5.8% during the 3rd quarter. US Bancorp DE now owns 10,959 shares of the real estate investment trust’s stock worth $198,000 after acquiring an additional 602 shares during the last quarter. Consolidated Portfolio Review Corp boosted its stake in shares of Healthcare Realty Trust by 1.2% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 55,786 shares of the real estate investment trust’s stock valued at $1,006,000 after purchasing an additional 637 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Healthcare Realty Trust by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 83,953 shares of the real estate investment trust’s stock valued at $1,426,000 after purchasing an additional 900 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Healthcare Realty Trust by 4.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 25,337 shares of the real estate investment trust’s stock valued at $429,000 after purchasing an additional 1,012 shares during the last quarter.

Healthcare Realty Trust Company Profile

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.