Healthcare Realty Trust (NYSE:HR) Upgraded by Zacks Investment Research to Buy

Zacks Investment Research upgraded shares of Healthcare Realty Trust (NYSE:HR) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning, Zacks.com reports. They currently have $38.00 target price on the real estate investment trust’s stock.

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. “

A number of other research analysts also recently issued reports on the company. ValuEngine downgraded Healthcare Realty Trust from a buy rating to a hold rating in a research note on Thursday, August 1st. Berenberg Bank assumed coverage on Healthcare Realty Trust in a research note on Thursday, September 12th. They issued a buy rating on the stock. Capital One Financial reissued an equal weight rating on shares of Healthcare Realty Trust in a research note on Thursday, August 1st. Morgan Stanley boosted their price objective on Healthcare Realty Trust from $31.00 to $33.00 and gave the company an equal weight rating in a research note on Tuesday, September 17th. Finally, Citigroup assumed coverage on Healthcare Realty Trust in a research note on Thursday, June 20th. They issued a neutral rating and a $34.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $34.20.

Shares of HR opened at $34.03 on Wednesday. The company has a market capitalization of $4.38 billion, a PE ratio of 21.68, a PEG ratio of 9.77 and a beta of 0.31. Healthcare Realty Trust has a 12 month low of $27.04 and a 12 month high of $34.39. The stock’s 50-day moving average price is $33.42 and its two-hundred day moving average price is $32.38. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.82.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.37). The company had revenue of $116.32 million for the quarter, compared to analyst estimates of $114.50 million. Healthcare Realty Trust had a return on equity of 1.83% and a net margin of 7.08%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. Equities research analysts predict that Healthcare Realty Trust will post 1.58 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Marshall Wace North America L.P. acquired a new position in Healthcare Realty Trust during the 1st quarter worth approximately $39,000. Steward Partners Investment Advisory LLC acquired a new position in Healthcare Realty Trust during the 2nd quarter worth approximately $46,000. Kavar Capital Partners LLC acquired a new position in Healthcare Realty Trust during the 2nd quarter worth approximately $56,000. Carroll Financial Associates Inc. acquired a new position in Healthcare Realty Trust during the 2nd quarter worth approximately $176,000. Finally, Point72 Hong Kong Ltd acquired a new position in Healthcare Realty Trust during the 2nd quarter worth approximately $176,000. 96.64% of the stock is currently owned by 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 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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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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