Healthcare Realty Trust Inc (NYSE:HR) insider Todd J. Meredith sold 4,720 shares of the business’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 value of $154,674.40. Following the completion of the transaction, the insider now directly owns 414,981 shares in the company, valued at $13,598,927.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Healthcare Realty Trust Inc (HR) opened at $30.11 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.82 and a current ratio of 2.82. Healthcare Realty Trust Inc has a 1 year low of $29.67 and a 1 year high of $36.25. The firm has a market capitalization of $3,790.00, a P/E ratio of 30.72, a P/E/G ratio of 4.66 and a beta of 0.32.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). Healthcare Realty Trust had a net margin of 26.70% and a return on equity of 6.62%. The firm had revenue of $106.95 million for the quarter, compared to the consensus estimate of $108.97 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts predict that Healthcare Realty Trust Inc will post 1.55 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the business. Fiduciary Trust Co. purchased a new position in shares of Healthcare Realty Trust in the second quarter worth $113,000. Quantbot Technologies LP purchased a new position in shares of Healthcare Realty Trust in the third quarter worth $130,000. Pacad Investment Ltd. raised its stake in shares of Healthcare Realty Trust by 41.2% in the second quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 1,400 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Healthcare Realty Trust by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 72 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Healthcare Realty Trust by 0.7% in the second quarter. Neuberger Berman Group LLC now owns 6,267 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Mizuho reissued a “hold” rating and set a $35.00 price objective on shares of Healthcare Realty Trust in a report on Friday, October 27th. BMO Capital Markets cut Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $33.00 price target on the stock. in a report on Tuesday. KeyCorp set a $25.00 price target on Healthcare Realty Trust and gave the stock a “sell” rating in a research report on Sunday, October 29th. Finally, Morgan Stanley restated an “overweight” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, December 14th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Healthcare Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $33.14.
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About Healthcare Realty Trust
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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