Zacks Investment Research downgraded shares of Healthcare Realty Trust Incorporated (NYSE:HR) from a hold rating to a sell rating in a report released on Wednesday morning.
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 subject of a number of other reports. BidaskClub downgraded shares of Healthcare Realty Trust from a buy rating to a hold rating in a research report on Friday, June 30th. Stifel Nicolaus dropped their price target on shares of Healthcare Realty Trust from $34.00 to $33.00 and set a buy rating for the company in a research report on Tuesday, May 9th. Jefferies Group LLC downgraded shares of Healthcare Realty Trust from a buy rating to a hold rating and set a $36.00 price target for the company. in a research report on Thursday, June 15th. They noted that the move was a valuation call. BMO Capital Markets upgraded shares of Healthcare Realty Trust from a market perform rating to an outperform rating and lifted their price target for the company from $31.00 to $33.00 in a research report on Wednesday, March 15th. Finally, Cantor Fitzgerald lifted their price target on shares of Healthcare Realty Trust from $35.00 to $38.00 and gave the company a buy rating in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $34.80.
Shares of Healthcare Realty Trust (NYSE HR) opened at 33.22 on Wednesday. The stock has a 50 day moving average price of $34.21 and a 200 day moving average price of $32.04. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 34.57 and a beta of 0.30. Healthcare Realty Trust has a 1-year low of $26.66 and a 1-year high of $36.60.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a net margin of 26.01% and a return on equity of 6.89%. The business had revenue of $104.57 million during the quarter, compared to analyst estimates of $106.03 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Analysts forecast that Healthcare Realty Trust will post $0.62 earnings per share for the current year.
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In related news, EVP Robert E. Hull sold 1,744 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $32.45, for a total value of $56,592.80. Following the transaction, the executive vice president now directly owns 58,174 shares of the company’s stock, valued at $1,887,746.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John M. Bryant, Jr. sold 7,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $33.51, for a total transaction of $234,570.00. Following the completion of the transaction, the insider now directly owns 142,256 shares in the company, valued at $4,766,998.56. The disclosure for this sale can be found here. Insiders sold 29,129 shares of company stock worth $948,987 over the last three months. 1.85% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bennicas & Associates Inc. bought a new position in Healthcare Realty Trust during the first quarter valued at approximately $202,000. Neuberger Berman Group LLC bought a new position in Healthcare Realty Trust during the first quarter valued at approximately $202,000. Cim Investment Mangement Inc. bought a new position in Healthcare Realty Trust during the first quarter valued at approximately $210,000. Bank of Montreal Can raised its position in Healthcare Realty Trust by 1.3% in the second quarter. Bank of Montreal Can now owns 6,466 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 84 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Healthcare Realty Trust by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,040 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 389 shares in the last quarter. 95.44% of the stock is currently owned by institutional investors and hedge funds.
About Healthcare Realty Trust
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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