Healthcare Realty Trust (NYSE:HR) Raised to Hold at StockNews.com

Healthcare Realty Trust (NYSE:HR) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other analysts have also recently issued reports on HR. Wedbush reissued an “outperform” rating and issued a $16.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. cut Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Friday, December 20th. Wells Fargo & Company decreased their target price on Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, March 10th. Finally, Scotiabank decreased their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.00.

Healthcare Realty Trust Stock Performance

HR opened at $16.79 on Tuesday. Healthcare Realty Trust has a one year low of $12.91 and a one year high of $18.90. The company has a market cap of $5.89 billion, a P/E ratio of -9.43 and a beta of 0.97. The business’s 50-day simple moving average is $16.60 and its 200-day simple moving average is $17.28.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The business had revenue of $309.77 million for the quarter, compared to the consensus estimate of $303.81 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Institutional Trading of Healthcare Realty Trust

A number of hedge funds have recently added to or reduced their stakes in HR. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Healthcare Realty Trust by 21.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,501 shares of the real estate investment trust’s stock valued at $907,000 after buying an additional 9,467 shares during the period. Comprehensive Money Management Services LLC acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at approximately $290,000. Employees Retirement System of Texas acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at approximately $3,390,000. AlphaCore Capital LLC acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at approximately $375,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Healthcare Realty Trust by 234.9% in the 4th quarter. Mackenzie Financial Corp now owns 56,987 shares of the real estate investment trust’s stock valued at $966,000 after buying an additional 39,969 shares during the period.

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.