Zacks Investment Research upgraded shares of Healthcare Realty Trust Incorporated (NYSE:HR) from a sell rating to a hold rating in a research note published on Monday morning.
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 research analysts have also recently weighed in on the company. Morgan Stanley lifted their price objective on Healthcare Realty Trust from $32.50 to $34.00 and gave the company an overweight rating in a research report on Monday, September 25th. Jefferies Group LLC reaffirmed a hold rating and set a $36.00 price objective on shares of Healthcare Realty Trust in a research report on Monday, July 17th. Cantor Fitzgerald reaffirmed a buy rating on shares of Healthcare Realty Trust in a research report on Wednesday, August 23rd. KeyCorp reaffirmed a sell rating and set a $25.00 price objective on shares of Healthcare Realty Trust in a research report on Thursday, August 24th. Finally, BidaskClub cut Healthcare Realty Trust from a hold rating to a sell rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Healthcare Realty Trust currently has a consensus rating of Hold and an average target price of $33.29.
Healthcare Realty Trust (NYSE HR) opened at $32.63 on Monday. Healthcare Realty Trust has a 12-month low of $26.66 and a 12-month high of $36.25. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.82 and a current ratio of 2.82. The firm has a market capitalization of $4,058.93, a PE ratio of 20.70, a PEG ratio of 5.16 and a beta of 0.32.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). Healthcare Realty Trust had a net margin of 26.70% and a return on equity of 6.62%. The company had revenue of $106.95 million for the quarter, compared to analysts’ expectations of $108.97 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. sell-side analysts predict that Healthcare Realty Trust will post 1.58 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.68%. Healthcare Realty Trust’s dividend payout ratio is presently 123.71%.
In other Healthcare Realty Trust news, Director John Knox Singleton purchased 3,450 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were 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 in the company, valued at $564,052.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.85% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC increased its stake in Healthcare Realty Trust by 0.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 6,267 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 46 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Healthcare Realty Trust by 0.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,317 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 66 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Healthcare Realty Trust by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 72 shares during the last quarter. Bank of Montreal Can increased its stake in Healthcare Realty Trust by 1.3% in the 2nd quarter. Bank of Montreal Can now owns 6,466 shares of the real estate investment trust’s stock worth $221,000 after acquiring an additional 84 shares during the last quarter. Finally, Capstone Asset Management Co. increased its stake in Healthcare Realty Trust by 1.2% in the 2nd quarter. Capstone Asset Management Co. now owns 10,536 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 120 shares during the last quarter. 91.40% of the stock is currently owned by institutional investors and hedge funds.
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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