Morgan Stanley Boosts Healthcare Realty Trust (NYSE:HR) Price Target to $33.00

Healthcare Realty Trust (NYSE:HR) had its price objective increased by Morgan Stanley from $31.00 to $33.00 in a report released on Tuesday, AnalystRatings.com reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. Berenberg Bank initiated coverage on Healthcare Realty Trust in a research note on Thursday, September 12th. They set a buy rating for the company. Zacks Investment Research cut Healthcare Realty Trust from a hold rating to a sell rating in a research note on Wednesday, July 17th. Capital One Financial reaffirmed an equal weight rating on shares of Healthcare Realty Trust in a research note on Thursday, August 1st. ValuEngine cut Healthcare Realty Trust from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, Citigroup initiated coverage on Healthcare Realty Trust in a research note on Thursday, June 20th. They set a neutral rating and a $34.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Healthcare Realty Trust has a consensus rating of Hold and a consensus price target of $33.25.

Shares of Healthcare Realty Trust stock opened at $33.30 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.82. Healthcare Realty Trust has a 12 month low of $26.98 and a 12 month high of $33.89. The business has a fifty day simple moving average of $32.90 and a 200 day simple moving average of $32.12. The stock has a market cap of $4.31 billion, a PE ratio of 21.13, a price-to-earnings-growth ratio of 9.62 and a beta of 0.33.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.37). Healthcare Realty Trust had a return on equity of 1.83% and a net margin of 7.08%. The company had revenue of $116.32 million for the quarter, compared to analyst estimates of $114.50 million. During the same period last year, the firm earned $0.40 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that Healthcare Realty Trust will post 1.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a $0.30 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 3.60%. Healthcare Realty Trust’s payout ratio is 76.43%.

Large investors have recently bought and sold shares of the business. Profund Advisors LLC grew its stake in Healthcare Realty Trust by 7.4% in the second quarter. Profund Advisors LLC now owns 21,876 shares of the real estate investment trust’s stock valued at $685,000 after acquiring an additional 1,507 shares during the period. Mason Street Advisors LLC grew its stake in Healthcare Realty Trust by 1.6% in the first quarter. Mason Street Advisors LLC now owns 66,628 shares of the real estate investment trust’s stock valued at $2,139,000 after acquiring an additional 1,029 shares during the period. Retirement Systems of Alabama grew its stake in Healthcare Realty Trust by 13.9% in the second quarter. Retirement Systems of Alabama now owns 391,856 shares of the real estate investment trust’s stock valued at $12,273,000 after acquiring an additional 47,953 shares during the period. Laurion Capital Management LP acquired a new position in Healthcare Realty Trust in the first quarter valued at about $1,123,000. Finally, First Trust Advisors LP grew its stake in Healthcare Realty Trust by 158.3% in the second quarter. First Trust Advisors LP now owns 61,435 shares of the real estate investment trust’s stock valued at $1,924,000 after acquiring an additional 37,650 shares during the period. 96.66% of the stock is owned by hedge funds and other institutional investors.

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 December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

Read More: How to trade the most active stocks

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

Receive News & Ratings for Healthcare Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.