Healthcare Realty Trust (NYSE:HR) Rating Increased to B- at TheStreet

Healthcare Realty Trust (NYSE:HR) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Wednesday, TheStreetRatingsTable reports.

HR has been the subject of a number of other reports. Wells Fargo & Company upped their price objective on shares of Healthcare Realty Trust from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 31st. Morgan Stanley upped their price objective on shares of Healthcare Realty Trust from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Monday, March 15th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, April 26th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $32.56.

HR stock opened at $32.42 on Wednesday. The company has a fifty day simple moving average of $31.16. The stock has a market cap of $4.59 billion, a P/E ratio of 48.39 and a beta of 0.58. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.18 and a quick ratio of 0.18. Healthcare Realty Trust has a 12 month low of $26.77 and a 12 month high of $34.01.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, May 5th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.25). Healthcare Realty Trust had a return on equity of 4.73% and a net margin of 18.19%. As a group, equities analysts forecast that Healthcare Realty Trust will post 1.73 earnings per share for the current year.

In related news, EVP Robert E. Hull sold 11,447 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $31.00, for a total value of $354,857.00. Following the completion of the sale, the executive vice president now owns 155,287 shares of the company’s stock, valued at $4,813,897. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd purchased a new position in Healthcare Realty Trust during the fourth quarter worth about $29,000. Cowa LLC purchased a new position in Healthcare Realty Trust during the fourth quarter worth about $30,000. Marshall Wace North America L.P. purchased a new position in Healthcare Realty Trust during the first quarter worth about $39,000. Rockefeller Capital Management L.P. boosted its stake in Healthcare Realty Trust by 29.5% during the first quarter. Rockefeller Capital Management L.P. now owns 1,684 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 384 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in Healthcare Realty Trust by 66.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,495 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 995 shares during the period. 95.84% of the stock is owned by hedge funds and other institutional investors.

About Healthcare Realty Trust

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.

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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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