Zacks Investment Research lowered shares of Healthcare Realty Trust Incorporated (NYSE:HR) from a hold rating to a sell rating in a research report sent to investors on Wednesday.
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. “
A number of other equities analysts have also recently issued reports on HR. Mizuho reaffirmed a neutral rating on shares of Healthcare Realty Trust in a research note on Wednesday, June 28th. Jefferies Group LLC cut shares of Healthcare Realty Trust from a buy rating to a hold rating and set a $36.00 price target on the stock. in a research report on Thursday, June 15th. They noted that the move was a valuation call. BidaskClub raised shares of Healthcare Realty Trust from a hold rating to a buy rating in a research report on Wednesday, June 14th. Cantor Fitzgerald lifted their price target on shares of Healthcare Realty Trust from $35.00 to $38.00 and gave the stock a buy rating in a research report on Monday, June 12th. Finally, KeyCorp reissued a sell rating and set a $25.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $32.60.
Healthcare Realty Trust (NYSE:HR) traded up 0.47% during midday trading on Wednesday, reaching $34.10. The company’s stock had a trading volume of 1,947,233 shares. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 32.79 and a beta of 0.30. Healthcare Realty Trust has a 52-week low of $26.66 and a 52-week high of $36.25. The firm has a 50-day moving average price of $32.99 and a 200 day moving average price of $33.07.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.01). Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. The company had revenue of $105.20 million for the quarter, compared to the consensus estimate of $105.67 million. During the same period last year, the company earned $0.42 earnings per share. Healthcare Realty Trust’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts predict that Healthcare Realty Trust will post $0.71 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 11th were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, August 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.52%. Healthcare Realty Trust’s dividend payout ratio is presently 114.29%.
In other news, Director John Knox Singleton acquired 3,450 shares of the stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of $31.88 per share, for a total transaction of $109,986.00. Following the purchase, the director now directly owns 17,693 shares of the company’s stock, valued at $564,052.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.85% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in HR. Lazard Asset Management LLC bought a new stake in Healthcare Realty Trust in the 1st quarter valued at about $19,801,000. Swiss National Bank boosted its holdings in Healthcare Realty Trust by 0.6% in the 1st quarter. Swiss National Bank now owns 191,600 shares of the real estate investment trust’s stock valued at $6,227,000 after purchasing an additional 1,200 shares during the period. Geode Capital Management LLC boosted its holdings in Healthcare Realty Trust by 6.0% in the 1st quarter. Geode Capital Management LLC now owns 1,084,930 shares of the real estate investment trust’s stock valued at $35,260,000 after purchasing an additional 61,016 shares during the period. Great West Life Assurance Co. Can boosted its holdings in Healthcare Realty Trust by 2.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 124,643 shares of the real estate investment trust’s stock valued at $4,049,000 after purchasing an additional 3,497 shares during the period. Finally, Comerica Bank boosted its holdings in Healthcare Realty Trust by 5.1% in the 1st quarter. Comerica Bank now owns 89,265 shares of the real estate investment trust’s stock valued at $2,974,000 after purchasing an additional 4,293 shares during the period. 92.11% of the stock is owned by institutional investors and hedge funds.
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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