KeyCorp set a $25.00 price target on Healthcare Realty Trust Incorporated (NYSE:HR) in a research note issued to investors on Sunday. The firm currently has a sell rating on the real estate investment trust’s stock.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a hold rating to a sell rating in a report on Wednesday, September 13th. Morgan Stanley lifted their price target on shares of Healthcare Realty Trust from $32.50 to $34.00 and gave the company an overweight rating in a report on Monday, September 25th. Jefferies Group LLC reiterated a hold rating and issued a $36.00 price target on shares of Healthcare Realty Trust in a report on Monday, July 17th. Cantor Fitzgerald reiterated a buy rating on shares of Healthcare Realty Trust in a report on Wednesday, August 23rd. Finally, BidaskClub downgraded shares of Healthcare Realty Trust from a hold rating to a sell rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Healthcare Realty Trust currently has a consensus rating of Hold and a consensus price target of $33.29.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). The firm had revenue of $106.95 million for the quarter, compared to the consensus estimate of $108.97 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.39 earnings per share.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.72%. Healthcare Realty Trust’s dividend payout ratio is currently 114.29%.
In other Healthcare Realty Trust news, Director John Knox Singleton acquired 3,450 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $31.88 per share, with a total value of $109,986.00. Following the purchase, the director now directly owns 17,693 shares of the company’s stock, valued at approximately $564,052.84. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.85% of the company’s stock.
Several large investors have recently modified their holdings of HR. Fiduciary Trust Co. purchased a new position in shares of Healthcare Realty Trust in the 2nd quarter worth $113,000. Pacad Investment Ltd. grew its stake in shares of Healthcare Realty Trust by 41.2% in the 2nd quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 1,400 shares in the last quarter. Huntington National Bank grew its stake in shares of Healthcare Realty Trust by 36.7% in the 2nd quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 1,393 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Healthcare Realty Trust in the 1st quarter worth $202,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Healthcare Realty Trust by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 72 shares in the last quarter. 91.74% 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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