Healthcare Realty Trust (NYSE:HR) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Healthcare Realty Trust (NYSE:HR) from a buy rating to a hold rating in a report released on Saturday, Zacks.com reports.

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. “

Several other research firms have also recently commented on HR. ValuEngine cut shares of Healthcare Realty Trust from a buy rating to a hold rating in a research note on Thursday, August 1st. Capital One Financial restated an equal weight rating on shares of Healthcare Realty Trust in a research note on Thursday, August 1st. Morgan Stanley raised their target price on shares of Healthcare Realty Trust from $31.00 to $33.00 and gave the stock an equal weight rating in a research note on Tuesday, September 17th. Berenberg Bank initiated coverage on shares of Healthcare Realty Trust in a research note on Thursday, September 12th. They issued a buy rating for the company. Finally, Citigroup initiated coverage on shares of Healthcare Realty Trust in a research note on Thursday, June 20th. They issued a neutral rating and a $34.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Healthcare Realty Trust presently has an average rating of Hold and a consensus price target of $34.20.

Shares of Healthcare Realty Trust stock opened at $33.88 on Friday. Healthcare Realty Trust has a 1 year low of $26.98 and a 1 year high of $34.39. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market capitalization of $4.38 billion, a P/E ratio of 21.58, a PEG ratio of 9.76 and a beta of 0.31. The company’s fifty day moving average is $33.23 and its two-hundred day moving average is $32.30.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.37). Healthcare Realty Trust had a return on equity of 1.83% and a net margin of 7.08%. The business had revenue of $116.32 million for the quarter, compared to analysts’ expectations of $114.50 million. During the same period in the previous year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts expect that Healthcare Realty Trust will post 1.58 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Healthcare Realty Trust by 0.4% in the second quarter. Vanguard Group Inc. now owns 18,807,903 shares of the real estate investment trust’s stock valued at $589,064,000 after purchasing an additional 66,439 shares during the period. BlackRock Inc. lifted its stake in shares of Healthcare Realty Trust by 0.5% in the second quarter. BlackRock Inc. now owns 18,435,111 shares of the real estate investment trust’s stock valued at $577,386,000 after purchasing an additional 90,640 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Healthcare Realty Trust by 5.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,117,172 shares of the real estate investment trust’s stock valued at $285,550,000 after purchasing an additional 473,389 shares during the period. FMR LLC lifted its stake in shares of Healthcare Realty Trust by 3.6% in the first quarter. FMR LLC now owns 5,990,701 shares of the real estate investment trust’s stock valued at $192,361,000 after purchasing an additional 209,843 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Healthcare Realty Trust by 3.2% in the second quarter. Northern Trust Corp now owns 3,366,053 shares of the real estate investment trust’s stock valued at $105,425,000 after purchasing an additional 103,638 shares during the period. Hedge funds and other institutional investors own 96.66% of the company’s stock.

Healthcare Realty Trust Company Profile

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 December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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