Healthcare Realty Trust Incorporated (NYSE:HR) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
A number of other brokerages also recently weighed in on HR. Mizuho reiterated a “neutral” rating on shares of Healthcare Realty Trust in a report on Wednesday, June 28th. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Jefferies Group LLC downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Thursday, June 15th. They noted that the move was a valuation call. Cantor Fitzgerald lifted their price target on Healthcare Realty Trust from $35.00 to $38.00 and gave the company a “buy” rating in a report on Monday, June 12th. Finally, Stifel Nicolaus lowered their price target on Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $34.80.
Healthcare Realty Trust (NYSE:HR) traded up 1.25% during trading on Tuesday, reaching $33.15. The company had a trading volume of 317,913 shares. The stock has a 50 day moving average price of $34.13 and a 200 day moving average price of $32.58. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 34.50 and a beta of 0.29. Healthcare Realty Trust has a 12 month low of $26.66 and a 12 month high of $36.60.
Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. The company had revenue of $105.20 million during the quarter, compared to analyst estimates of $105.67 million. Healthcare Realty Trust had a return on equity of 6.89% and a net margin of 26.01%. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Healthcare Realty Trust will post $0.62 earnings per share for the current year.
In related news, insider John M. Bryant, Jr. sold 7,000 shares of Healthcare Realty Trust stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $33.51, for a total transaction of $234,570.00. Following the completion of the sale, the insider now owns 142,256 shares of the company’s stock, valued at $4,766,998.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John M. Bryant, Jr. sold 20,385 shares of Healthcare Realty Trust stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $32.27, for a total value of $657,823.95. Following the sale, the insider now directly owns 162,241 shares of the company’s stock, valued at approximately $5,235,517.07. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,129 shares of company stock valued at $948,987. Insiders own 1.85% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in HR. Daiwa Securities Group Inc. boosted its stake in Healthcare Realty Trust by 38.5% in the first quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the real estate investment trust’s stock worth $293,000 after buying an additional 2,500 shares during the last quarter. State Treasurer State of Michigan boosted its stake in Healthcare Realty Trust by 1.3% in the first quarter. State Treasurer State of Michigan now owns 47,300 shares of the real estate investment trust’s stock worth $1,537,000 after buying an additional 600 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Healthcare Realty Trust by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 124,643 shares of the real estate investment trust’s stock worth $4,049,000 after buying an additional 3,497 shares during the last quarter. Channing Capital Management LLC boosted its stake in Healthcare Realty Trust by 24.9% in the first quarter. Channing Capital Management LLC now owns 1,872,903 shares of the real estate investment trust’s stock worth $60,869,000 after buying an additional 373,681 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Healthcare Realty Trust by 5.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,530 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 1,011 shares during the last quarter. 96.17% of the stock is owned by hedge funds and other institutional investors.
Healthcare Realty Trust Company Profile
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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