Zacks Investment Research upgraded shares of Healthcare Realty Trust (NYSE:HR) from a sell rating to a hold rating in a report released on Monday.
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. “
HR has been the topic of a number of other reports. Raymond James assumed coverage on shares of Healthcare Realty Trust in a research report on Thursday, October 18th. They set an underperform rating on the stock. Mizuho raised shares of Healthcare Realty Trust from a neutral rating to a buy rating and set a $32.00 price objective on the stock in a research report on Tuesday, November 13th. Finally, Morgan Stanley downgraded shares of Healthcare Realty Trust from an overweight rating to an equal weight rating and decreased their target price for the stock from $29.00 to $28.00 in a research report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $30.43.
Shares of HR opened at $30.77 on Monday. Healthcare Realty Trust has a 52 week low of $26.09 and a 52 week high of $33.98. The company has a market cap of $3.88 billion, a P/E ratio of 20.11, a P/E/G ratio of 4.93 and a beta of 0.26. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.77.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.34). Healthcare Realty Trust had a net margin of 3.66% and a return on equity of 0.92%. The company had revenue of $113.46 million for the quarter, compared to analysts’ expectations of $112.45 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts predict that Healthcare Realty Trust will post 1.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, November 14th. Healthcare Realty Trust’s dividend payout ratio is 78.43%.
In other Healthcare Realty Trust news, Director John Knox Singleton sold 12,048 shares of the business’s stock in a transaction that occurred on Wednesday, November 21st. The shares were sold at an average price of $29.91, for a total value of $360,355.68. Following the completion of the sale, the director now directly owns 23,992 shares of the company’s stock, valued at $717,600.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce D. Sullivan sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $31.13, for a total transaction of $93,390.00. The disclosure for this sale can be found here. Insiders sold 22,964 shares of company stock valued at $693,877 over the last three months. Insiders own 1.79% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Nuance Investments LLC grew its position in Healthcare Realty Trust by 16.2% in the second quarter. Nuance Investments LLC now owns 536,994 shares of the real estate investment trust’s stock worth $15,616,000 after acquiring an additional 75,044 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Healthcare Realty Trust by 8.3% during the 2nd quarter. California Public Employees Retirement System now owns 238,693 shares of the real estate investment trust’s stock worth $6,941,000 after buying an additional 18,277 shares during the period. Mutual of America Capital Management LLC boosted its holdings in shares of Healthcare Realty Trust by 4.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 107,416 shares of the real estate investment trust’s stock worth $3,124,000 after buying an additional 5,046 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Healthcare Realty Trust by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,018,824 shares of the real estate investment trust’s stock worth $58,706,000 after buying an additional 56,416 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Healthcare Realty Trust by 37.6% during the 2nd quarter. SG Americas Securities LLC now owns 73,895 shares of the real estate investment trust’s stock worth $2,149,000 after buying an additional 20,205 shares during the period. 96.49% of the stock is owned by institutional investors.
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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