Healthcare Realty Trust Incorporated (NYSE:HR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
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. “
A number of other analysts have also weighed in on the stock. Jefferies Group LLC lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a report on Thursday. They noted that the move was a valuation call. BidaskClub raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday. Cantor Fitzgerald lifted their target price on shares of Healthcare Realty Trust from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus lowered their target price on shares of Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Finally, BMO Capital Markets raised shares of Healthcare Realty Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $31.00 to $33.00 in a report on Wednesday, March 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $33.83.
Healthcare Realty Trust (NYSE HR) traded up 0.06% during trading on Friday, hitting $35.56. The stock had a trading volume of 1,582,993 shares. Healthcare Realty Trust has a 52 week low of $26.66 and a 52 week high of $36.60. The company has a market cap of $4.14 billion, a PE ratio of 37.00 and a beta of 0.35. The stock has a 50-day moving average price of $33.34 and a 200-day moving average price of $31.67.
Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a net margin of 26.01% and a return on equity of 6.89%. The firm had revenue of $104.57 million during the quarter, compared to the consensus estimate of $106.03 million. During the same quarter last year, the firm posted $0.41 EPS. Equities analysts predict that Healthcare Realty Trust will post $0.62 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Tuesday, May 16th were given a dividend of $0.30 per share. The ex-dividend date was Friday, May 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.37%. Healthcare Realty Trust’s dividend payout ratio is 126.32%.
In other news, insider John M. Bryant, Jr. sold 20,385 shares of Healthcare Realty Trust stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $32.27, for a total transaction of $657,823.95. Following the transaction, the insider now directly owns 162,241 shares of the company’s stock, valued at $5,235,517.07. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John M. Bryant, Jr. sold 7,000 shares of Healthcare Realty Trust stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $33.51, for a total transaction of $234,570.00. Following the transaction, the insider now directly owns 142,256 shares in the company, valued at $4,766,998.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,129 shares of company stock worth $948,987. Insiders own 1.85% of the company’s stock.
Several institutional investors have recently made changes to their positions in HR. Thrivent Financial for Lutherans boosted its stake in Healthcare Realty Trust by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 81,712 shares of the real estate investment trust’s stock valued at $2,477,000 after buying an additional 1,740 shares in the last quarter. Norges Bank bought a new stake in Healthcare Realty Trust during the fourth quarter valued at approximately $34,711,000. Bennicas & Associates Inc. bought a new stake in Healthcare Realty Trust during the first quarter valued at approximately $202,000. Franklin Resources Inc. boosted its stake in Healthcare Realty Trust by 29.9% in the fourth quarter. Franklin Resources Inc. now owns 33,105 shares of the real estate investment trust’s stock valued at $1,004,000 after buying an additional 7,620 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Healthcare Realty Trust by 29.8% in the first quarter. Sei Investments Co. now owns 136,145 shares of the real estate investment trust’s stock valued at $4,424,000 after buying an additional 31,290 shares in the last quarter. 95.86% of the stock is currently 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.
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