Healthcare Realty Trust (NYSE:HR) had its price target lowered by research analysts at Cantor Fitzgerald to $34.00 in a note issued to investors on Friday, March 16th. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective suggests a potential upside of 21.52% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Morgan Stanley reissued an “overweight” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, December 14th. KeyCorp restated an “equal weight” rating on shares of Healthcare Realty Trust in a research note on Friday, December 22nd. BMO Capital Markets lowered Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $33.00 price objective on the stock. in a research note on Tuesday, January 9th. SunTrust Banks set a $32.00 target price on Healthcare Realty Trust and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Healthcare Realty Trust currently has an average rating of “Hold” and a consensus target price of $30.38.
NYSE HR traded up $0.21 on Friday, reaching $27.98. The company had a trading volume of 1,788,327 shares, compared to its average volume of 1,001,596. Healthcare Realty Trust has a 52 week low of $26.27 and a 52 week high of $36.25. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $3,501.53, a PE ratio of 18.29, a P/E/G ratio of 4.33 and a beta of 0.23.
Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $107.70 million during the quarter, compared to analyst estimates of $109.91 million. Healthcare Realty Trust had a net margin of 5.44% and a return on equity of 1.33%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. sell-side analysts predict that Healthcare Realty Trust will post 1.61 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of HR. BlackRock Inc. boosted its holdings in shares of Healthcare Realty Trust by 4.1% during the 4th quarter. BlackRock Inc. now owns 16,875,873 shares of the real estate investment trust’s stock valued at $542,051,000 after acquiring an additional 661,764 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Healthcare Realty Trust by 59.8% during the 4th quarter. Deutsche Bank AG now owns 5,088,632 shares of the real estate investment trust’s stock valued at $163,441,000 after acquiring an additional 1,905,183 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Healthcare Realty Trust by 4.5% during the 4th quarter. Macquarie Group Ltd. now owns 2,051,626 shares of the real estate investment trust’s stock valued at $65,868,000 after acquiring an additional 87,851 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Healthcare Realty Trust by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,682,022 shares of the real estate investment trust’s stock valued at $54,397,000 after acquiring an additional 45,645 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Healthcare Realty Trust by 7.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,677,757 shares of the real estate investment trust’s stock valued at $53,890,000 after acquiring an additional 112,412 shares in the last quarter. 98.18% of the stock is currently owned by hedge funds and other institutional investors.
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About Healthcare Realty Trust
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, 2017, the Company owned 201 real estate properties in 27 states totaling 14.6 million square feet and was valued at approximately $5.3 billion.
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