Healthcare Realty Trust (HR) Earns Equal Weight Rating from KeyCorp
KeyCorp reissued their equal weight rating on shares of Healthcare Realty Trust (NYSE:HR) in a research report sent to investors on Friday morning. KeyCorp also issued estimates for Healthcare Realty Trust’s FY2019 earnings at $1.72 EPS.
HR has been the topic of several other reports. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a hold rating to a sell rating in a research note on Wednesday, September 13th. Morgan Stanley raised their price target on shares of Healthcare Realty Trust from $32.50 to $34.00 and gave the stock an overweight rating in a research note on Monday, September 25th. BMO Capital Markets reissued a buy rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a research note on Monday, October 2nd. Mizuho reissued a hold rating and issued a $35.00 price target on shares of Healthcare Realty Trust in a research note on Friday, October 27th. Finally, Stifel Nicolaus reissued a buy rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a research note on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $33.29.
Shares of Healthcare Realty Trust (NYSE HR) opened at $31.69 on Friday. Healthcare Realty Trust has a 52-week low of $29.04 and a 52-week high of $36.25. The stock has a market cap of $3,960.00, a PE ratio of 32.34, a PEG ratio of 5.08 and a beta of 0.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 2.82.
Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $108.97 million. During the same quarter last year, the business earned $0.39 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. sell-side analysts forecast that Healthcare Realty Trust will post 1.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Wednesday, November 15th. Healthcare Realty Trust’s dividend payout ratio is currently 122.45%.
In other Healthcare Realty Trust news, EVP Robert E. Hull sold 1,495 shares of Healthcare Realty Trust stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $33.87, for a total transaction of $50,635.65. Following the transaction, the executive vice president now directly owns 94,796 shares of the company’s stock, valued at $3,210,740.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John M. Bryant, Jr. sold 6,638 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $32.38, for a total transaction of $214,938.44. Following the transaction, the executive vice president now directly owns 176,812 shares in the company, valued at $5,725,172.56. The disclosure for this sale can be found here. Insiders have sold 16,847 shares of company stock worth $551,491 over the last ninety days. 1.85% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Fiduciary Trust Co. purchased a new stake in shares of Healthcare Realty Trust in the 2nd quarter valued at approximately $113,000. Quantbot Technologies LP purchased a new stake in shares of Healthcare Realty Trust in the 3rd quarter valued at approximately $130,000. Pacad Investment Ltd. raised its stake in shares of Healthcare Realty Trust by 41.2% in the 2nd quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 1,400 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of 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 valued at $212,000 after acquiring an additional 72 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in shares of 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 valued at $214,000 after acquiring an additional 46 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.
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Healthcare Realty Trust Company Profile
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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