Healthcare Realty Trust (HR) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Healthcare Realty Trust (NYSE:HR) from a sell rating to a hold rating in a research report report published 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. “

Other analysts have also recently issued reports about the stock. Raymond James assumed coverage on shares of Healthcare Realty Trust in a research note on Thursday, October 18th. They set an underperform rating on the stock. Mizuho reaffirmed a hold rating and set a $28.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, August 13th. Finally, Morgan Stanley cut shares of Healthcare Realty Trust from an overweight rating to an equal weight rating and decreased their price objective for the stock from $29.00 to $28.00 in a research note on Thursday, August 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Healthcare Realty Trust presently has an average rating of Hold and an average price target of $30.43.

Shares of Healthcare Realty Trust stock opened at $31.59 on Monday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.77. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 4.87 and a beta of 0.26. Healthcare Realty Trust has a 1-year low of $26.09 and a 1-year high of $33.98.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.34). The firm had revenue of $113.46 million for the quarter, compared to the consensus estimate of $112.45 million. Healthcare Realty Trust had a return on equity of 0.92% and a net margin of 3.66%. Healthcare Realty Trust’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. As a group, equities analysts anticipate that Healthcare Realty Trust will post 1.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.20 annualized dividend and a yield of 3.80%. Healthcare Realty Trust’s dividend payout ratio is 78.43%.

In other news, EVP Robert E. Hull sold 4,618 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $30.26, for a total transaction of $139,740.68. Following the transaction, the executive vice president now directly owns 87,083 shares in the company, valued at $2,635,131.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Knox Singleton sold 12,048 shares of the company’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $29.91, for a total transaction of $360,355.68. Following the transaction, the director now owns 23,992 shares in the company, valued at $717,600.72. The disclosure for this sale can be found here. Insiders have sold 22,964 shares of company stock worth $693,877 over the last quarter. 1.85% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Nuance Investments LLC lifted its position in shares of Healthcare Realty Trust by 16.2% during the second quarter. Nuance Investments LLC now owns 536,994 shares of the real estate investment trust’s stock worth $15,616,000 after purchasing an additional 75,044 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Healthcare Realty Trust by 8.3% during the second quarter. California Public Employees Retirement System now owns 238,693 shares of the real estate investment trust’s stock worth $6,941,000 after purchasing an additional 18,277 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in Healthcare Realty Trust by 4.9% in the second quarter. Mutual of America Capital Management LLC now owns 107,416 shares of the real estate investment trust’s stock valued at $3,124,000 after buying an additional 5,046 shares during the period. Bank of New York Mellon Corp lifted its holdings in Healthcare Realty Trust by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 2,018,824 shares of the real estate investment trust’s stock valued at $58,706,000 after buying an additional 56,416 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Healthcare Realty Trust by 37.6% in the second quarter. SG Americas Securities LLC now owns 73,895 shares of the real estate investment trust’s stock valued at $2,149,000 after buying an additional 20,205 shares during the period. Institutional investors own 96.49% of the company’s stock.

About Healthcare Realty Trust

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of June 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.9 million square feet and was valued at approximately $5.0 billion.

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