Healthcare Realty Trust Inc (NYSE:HR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
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. “
Several other research analysts have also weighed in on the company. BMO Capital Markets raised Healthcare Realty Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $31.00 to $33.00 in a research report on Wednesday, March 15th. Cantor Fitzgerald raised Healthcare Realty Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, January 31st. KeyCorp lowered Healthcare Realty Trust to an “underweight” rating in a research report on Wednesday, December 21st. Jefferies Group LLC assumed coverage on Healthcare Realty Trust in a research report on Friday, December 16th. They issued a “buy” rating for the company. Finally, Wells Fargo & Co raised Healthcare Realty Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. Healthcare Realty Trust currently has an average rating of “Hold” and a consensus price target of $32.67.
Shares of Healthcare Realty Trust (NYSE:HR) traded down 0.93% on Monday, reaching $30.87. The company had a trading volume of 425,332 shares. The stock has a market cap of $3.59 billion, a PE ratio of 39.68 and a beta of 0.27. The stock has a 50-day moving average price of $30.92 and a 200-day moving average price of $31.26. 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 posted its quarterly earnings data on Wednesday, February 15th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.28. Healthcare Realty Trust had a return on equity of 3.81% and a net margin of 12.79%. The firm earned $105.30 million during the quarter, compared to analyst estimates of $98.58 million. Analysts predict that Healthcare Realty Trust will post $0.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Friday, February 10th. Healthcare Realty Trust’s payout ratio is 240.00%.
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In related news, Director Bruce D. Sullivan sold 3,000 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $32.28, for a total value of $96,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Knox Singleton bought 15,773 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The stock was purchased at an average cost of $31.86 per share, with a total value of $502,527.78. Following the completion of the transaction, the director now directly owns 12,498 shares in the company, valued at $398,186.28. The disclosure for this purchase can be found here. Insiders own 1.65% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in Healthcare Realty Trust by 21.9% in the fourth quarter. FMR LLC now owns 7,344,921 shares of the real estate investment trust’s stock worth $222,698,000 after buying an additional 1,317,988 shares during the period. Norges Bank bought a new position in Healthcare Realty Trust during the fourth quarter worth about $34,711,000. BlackRock Fund Advisors increased its position in Healthcare Realty Trust by 12.9% in the third quarter. BlackRock Fund Advisors now owns 7,027,802 shares of the real estate investment trust’s stock worth $239,367,000 after buying an additional 803,339 shares during the period. Aberdeen Asset Management PLC UK increased its position in Healthcare Realty Trust by 84.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,235,564 shares of the real estate investment trust’s stock worth $37,463,000 after buying an additional 565,733 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in Healthcare Realty Trust during the fourth quarter worth about $15,196,000.
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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