Healthcare Realty Trust (NYSE:HR) Rating Increased to Hold at Wall Street Zen

Healthcare Realty Trust (NYSE:HR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other research analysts also recently issued reports about the stock. Wedbush cut their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Scotiabank cut their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, Wells Fargo & Company cut their price target on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Trading Up 0.1%

Healthcare Realty Trust stock opened at $14.37 on Wednesday. The firm has a 50 day simple moving average of $15.71 and a 200 day simple moving average of $16.56. Healthcare Realty Trust has a 1-year low of $14.25 and a 1-year high of $18.90. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of -8.07 and a beta of 0.92.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The firm had revenue of $288.86 million during the quarter, compared to the consensus estimate of $297.39 million. During the same period last year, the firm earned $0.39 EPS. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, equities research analysts forecast that Healthcare Realty Trust will post 1.59 EPS for the current year.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 2,500 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $14.71 per share, with a total value of $36,775.00. Following the acquisition, the director now owns 56,502 shares of the company’s stock, valued at approximately $831,144.42. The trade was a 4.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is currently owned by insiders.

Institutional Trading of Healthcare Realty Trust

A number of hedge funds have recently made changes to their positions in the stock. Starboard Value LP bought a new stake in Healthcare Realty Trust in the fourth quarter worth $342,110,000. Rush Island Management LP lifted its stake in Healthcare Realty Trust by 21.2% in the fourth quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust’s stock worth $265,800,000 after purchasing an additional 2,747,848 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Healthcare Realty Trust in the first quarter worth $100,817,000. Charles Schwab Investment Management Inc. lifted its stake in Healthcare Realty Trust by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,470,199 shares of the real estate investment trust’s stock worth $92,446,000 after purchasing an additional 139,019 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Healthcare Realty Trust by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust’s stock worth $78,495,000 after purchasing an additional 495,599 shares during the last quarter.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.