Healthcare Realty Trust Inc (NYSE:HR) has been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $29.86.
Several research firms have issued reports on HR. Morgan Stanley lowered shares of Healthcare Realty Trust from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $29.00 to $28.00 in a research report on Thursday, August 16th. Mizuho restated a “hold” rating and issued a $28.00 price target on shares of Healthcare Realty Trust in a research report on Monday, August 13th. Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Raymond James began coverage on shares of Healthcare Realty Trust in a research report on Thursday, October 18th. They issued an “underperform” rating on the stock.
In other news, EVP John M. Bryant, Jr. sold 2,561 shares of Healthcare Realty Trust stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $30.56, for a total transaction of $78,264.16. Following the sale, the executive vice president now directly owns 146,795 shares in the company, valued at approximately $4,486,055.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.79% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of HR. BlackRock Inc. boosted its position in Healthcare Realty Trust by 3.0% in the second quarter. BlackRock Inc. now owns 17,676,495 shares of the real estate investment trust’s stock valued at $514,032,000 after buying an additional 513,077 shares in the last quarter. Morgan Stanley raised its stake in shares of Healthcare Realty Trust by 0.6% in the second quarter. Morgan Stanley now owns 4,931,625 shares of the real estate investment trust’s stock worth $143,412,000 after acquiring an additional 28,062 shares during the last quarter. Resolution Capital Ltd bought a new position in shares of Healthcare Realty Trust in the second quarter worth about $92,378,000. Channing Capital Management LLC raised its stake in shares of Healthcare Realty Trust by 20.1% in the second quarter. Channing Capital Management LLC now owns 2,231,575 shares of the real estate investment trust’s stock worth $64,893,000 after acquiring an additional 372,849 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Healthcare Realty Trust by 165,681.0% in the third quarter. Victory Capital Management Inc. now owns 2,221,465 shares of the real estate investment trust’s stock worth $65,000,000 after acquiring an additional 2,220,125 shares during the last quarter. Institutional investors and hedge funds own 92.30% of the company’s stock.
NYSE HR traded up $0.14 during midday trading on Thursday, hitting $28.26. The company had a trading volume of 11,379 shares, compared to its average volume of 878,116. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.14 and a quick ratio of 0.14. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 4.34 and a beta of 0.20. Healthcare Realty Trust has a fifty-two week low of $26.09 and a fifty-two week high of $33.98.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.34). The company had revenue of $113.46 million during the quarter, compared to analyst estimates of $112.45 million. Healthcare Realty Trust had a return on equity of 0.92% and a net margin of 3.66%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. As a group, sell-side analysts expect that Healthcare Realty Trust will post 1.58 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.25%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently 78.43%.
Healthcare Realty Trust Company Profile
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 June 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.9 million square feet and was valued at approximately $5.0 billion.
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