Healthcare Realty Trust (NYSE:HR) Rating Reiterated by BMO Capital Markets

Healthcare Realty Trust (NYSE:HR)‘s stock had its “hold” rating reaffirmed by analysts at BMO Capital Markets in a report released on Wednesday, AnalystRatings.com reports. They currently have a $31.00 target price on the real estate investment trust’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 3.67% from the company’s current price.

Several other equities research analysts also recently issued reports on HR. Capital One Financial reaffirmed an “equal weight” rating on shares of Healthcare Realty Trust in a report on Thursday, August 1st. Morgan Stanley raised their price target on Healthcare Realty Trust from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, September 17th. ValuEngine downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Berenberg Bank assumed coverage on Healthcare Realty Trust in a report on Thursday, September 12th. They set a “buy” rating for the company. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $33.67.

NYSE:HR opened at $32.18 on Wednesday. The firm has a fifty day simple moving average of $33.71 and a 200 day simple moving average of $32.60. Healthcare Realty Trust has a 1-year low of $27.08 and a 1-year high of $34.89. The stock has a market capitalization of $4.20 billion, a PE ratio of 20.50, a P/E/G ratio of 9.36 and a beta of 0.29. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.80.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.37). Healthcare Realty Trust had a net margin of 6.12% and a return on equity of 1.59%. The business had revenue of $119.80 million for the quarter, compared to analyst estimates of $117.93 million. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, equities analysts predict that Healthcare Realty Trust will post 1.58 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new stake in shares of Healthcare Realty Trust during the first quarter worth $39,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Healthcare Realty Trust during the second quarter worth $46,000. Kavar Capital Partners LLC acquired a new stake in shares of Healthcare Realty Trust during the second quarter worth $56,000. First Interstate Bank acquired a new stake in shares of Healthcare Realty Trust during the third quarter worth $116,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Healthcare Realty Trust during the second quarter worth $176,000. 96.65% of the stock is 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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