Healthcare Realty Trust (HR) Receives New Coverage from Analysts at Raymond James

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Raymond James assumed coverage on shares of Healthcare Realty Trust (NYSE:HR) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm issued an underperform rating on the real estate investment trust’s stock.

HR has been the topic of a number of other reports. Morgan Stanley downgraded Healthcare Realty Trust from an overweight rating to an equal weight rating and cut their price target for the company from $29.00 to $28.00 in a report on Thursday, August 16th. Mizuho reiterated a hold rating and issued a $28.00 price target on shares of Healthcare Realty Trust in a report on Monday, August 13th. Zacks Investment Research upgraded Healthcare Realty Trust from a sell rating to a hold rating in a report on Friday, August 10th. ValuEngine upgraded Healthcare Realty Trust from a sell rating to a hold rating in a report on Thursday, July 5th. Finally, Capital One Financial initiated coverage on Healthcare Realty Trust in a report on Thursday, June 28th. They issued an equal weight rating and a $30.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $29.25.

Shares of NYSE:HR traded up $0.19 during trading on Thursday, hitting $28.30. 49,451 shares of the company’s stock were exchanged, compared to its average volume of 868,658. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.76. Healthcare Realty Trust has a 52-week low of $26.09 and a 52-week high of $33.98. The stock has a market capitalization of $3.52 billion, a P/E ratio of 18.44, a P/E/G ratio of 4.43 and a beta of 0.15.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.10). Healthcare Realty Trust had a return on equity of 0.72% and a net margin of 2.95%. The business had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $111.00 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

In other news, EVP John M. Bryant, Jr. sold 2,561 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $30.56, for a total value of $78,264.16. Following the completion of the sale, the executive vice president now owns 146,795 shares of the company’s stock, valued at approximately $4,486,055.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.85% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of HR. Wells Fargo & Company MN lifted its holdings in shares of Healthcare Realty Trust by 8.0% in the 1st quarter. Wells Fargo & Company MN now owns 154,593 shares of the real estate investment trust’s stock valued at $4,284,000 after buying an additional 11,490 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Healthcare Realty Trust by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,829,211 shares of the real estate investment trust’s stock valued at $50,688,000 after buying an additional 57,475 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Healthcare Realty Trust by 64.4% in the 1st quarter. OppenheimerFunds Inc. now owns 32,228 shares of the real estate investment trust’s stock valued at $893,000 after buying an additional 12,621 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Healthcare Realty Trust by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 541,643 shares of the real estate investment trust’s stock valued at $15,009,000 after buying an additional 9,682 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Healthcare Realty Trust by 56.2% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 25,555 shares of the real estate investment trust’s stock valued at $708,000 after buying an additional 9,199 shares during the period. 93.41% 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 June 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.9 million square feet and was valued at approximately $5.0 billion.

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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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