Healthcare Realty Trust Incorporated (HR) Receives “Buy” Rating from BMO Capital Markets

Healthcare Realty Trust Incorporated (NYSE:HR)‘s stock had its “buy” rating reissued by equities research analysts at BMO Capital Markets in a research note issued to investors on Thursday. They currently have a $34.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ price target suggests a potential upside of 5.46% from the stock’s previous close.

A number of other brokerages have also issued reports on HR. Zacks Investment Research lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. KeyCorp reiterated a “sell” rating and issued a $25.00 target price on shares of Healthcare Realty Trust in a research report on Tuesday, September 26th. Morgan Stanley increased their target price on shares of Healthcare Realty Trust from $32.50 to $34.00 and gave the company an “overweight” rating in a research report on Monday, September 25th. Cantor Fitzgerald reiterated a “buy” rating and issued a $38.00 target price on shares of Healthcare Realty Trust in a research report on Tuesday, August 15th. Finally, BidaskClub lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research 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 assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $33.29.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). The company had revenue of $106.95 million during 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 business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS.

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In other Healthcare Realty Trust news, Director John Knox Singleton purchased 3,450 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $31.88 per share, with a total value of $109,986.00. Following the acquisition, the director now owns 17,693 shares of the company’s stock, valued at $564,052.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.85% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Healthcare Realty Trust by 1.2% in the 2nd quarter. BlackRock Inc. now owns 15,161,928 shares of the real estate investment trust’s stock valued at $517,779,000 after acquiring an additional 186,886 shares during the last quarter. FMR LLC lifted its holdings in Healthcare Realty Trust by 6.4% in the 2nd quarter. FMR LLC now owns 7,274,016 shares of the real estate investment trust’s stock valued at $248,408,000 after acquiring an additional 434,895 shares during the last quarter. State Street Corp lifted its holdings in Healthcare Realty Trust by 2.2% in the 2nd quarter. State Street Corp now owns 5,887,196 shares of the real estate investment trust’s stock valued at $201,047,000 after acquiring an additional 127,663 shares during the last quarter. Northern Trust Corp lifted its holdings in Healthcare Realty Trust by 8.6% in the 2nd quarter. Northern Trust Corp now owns 3,367,432 shares of the real estate investment trust’s stock valued at $114,997,000 after acquiring an additional 266,749 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in Healthcare Realty Trust by 1.0% in the 2nd quarter. Macquarie Group Ltd. now owns 1,935,488 shares of the real estate investment trust’s stock valued at $66,097,000 after acquiring an additional 20,040 shares during the last quarter. 91.74% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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