Healthcare Realty Trust (HR) Rating Increased to Outperform at Raymond James

Raymond James upgraded shares of Healthcare Realty Trust (NYSE:HR) from a mkt perform rating to an outperform rating in a report published on Monday morning, Briefing.com Automated Import reports. The brokerage currently has $34.00 price objective on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Healthcare Realty Trust from a c rating to a b- rating in a research note on Thursday, February 14th. ValuEngine raised shares of Healthcare Realty Trust from a hold rating to a buy rating in a research note on Thursday, January 17th. Morgan Stanley set a $31.00 price target on shares of Healthcare Realty Trust and gave the stock a hold rating in a research note on Thursday, March 28th. Finally, Zacks Investment Research raised shares of Healthcare Realty Trust from a sell rating to a hold rating in a research note on Tuesday, February 19th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Healthcare Realty Trust currently has an average rating of Hold and a consensus target price of $31.75.

NYSE:HR opened at $31.22 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.18 and a current ratio of 0.18. Healthcare Realty Trust has a fifty-two week low of $26.09 and a fifty-two week high of $32.98. The firm has a market cap of $4.05 billion, a PE ratio of 19.89, a P/E/G ratio of 6.38 and a beta of 0.49.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. Healthcare Realty Trust had a net margin of 14.52% and a return on equity of 3.73%. The business had revenue of $112.66 million for the quarter, compared to analysts’ expectations of $114.57 million. During the same period in the prior year, the company posted $0.40 EPS. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts expect that Healthcare Realty Trust will post 1.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.84%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 76.43%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Healthcare Realty Trust by 14.9% during the third quarter. JPMorgan Chase & Co. now owns 701,044 shares of the real estate investment trust’s stock valued at $20,513,000 after purchasing an additional 90,925 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Healthcare Realty Trust by 1.6% during the third quarter. Teachers Advisors LLC now owns 236,229 shares of the real estate investment trust’s stock valued at $6,912,000 after purchasing an additional 3,615 shares during the last quarter. Federated Investors Inc. PA lifted its holdings in shares of Healthcare Realty Trust by 4.5% during the third quarter. Federated Investors Inc. PA now owns 271,583 shares of the real estate investment trust’s stock valued at $7,947,000 after purchasing an additional 11,602 shares during the last quarter. Vanguard Group Inc increased its position in shares of Healthcare Realty Trust by 1.0% during the third quarter. Vanguard Group Inc now owns 18,462,720 shares of the real estate investment trust’s stock valued at $540,219,000 after acquiring an additional 182,166 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Healthcare Realty Trust by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 40,452 shares of the real estate investment trust’s stock valued at $1,150,000 after acquiring an additional 739 shares in the last quarter. 94.24% of the stock is currently owned by hedge funds and other 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 December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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