Healthcare Realty Trust (HR) Lifted to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Healthcare Realty Trust (NYSE:HR) from a sell rating to a hold rating in a research note published on Friday, 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. “

Other analysts also recently issued research reports about the company. Morgan Stanley set a $31.00 price objective on Healthcare Realty Trust and gave the stock a hold rating in a research note on Thursday, March 28th. TheStreet raised Healthcare Realty Trust from a c rating to a b- rating in a research note on Thursday, February 14th. ValuEngine downgraded Healthcare Realty Trust from a buy rating to a hold rating in a research note on Tuesday, April 16th. Finally, Raymond James raised Healthcare Realty Trust from an underperform rating to a market perform rating in a research note on Tuesday, January 8th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $30.25.

Shares of Healthcare Realty Trust stock opened at $30.53 on Friday. The firm has a market cap of $3.83 billion, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 6.14 and a beta of 0.52. Healthcare Realty Trust has a 12 month low of $26.09 and a 12 month high of $32.98. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.10 and a current ratio of 0.10.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.27). The business had revenue of $113.17 million for the quarter, compared to analyst estimates of $114.17 million. Healthcare Realty Trust had a return on equity of 3.99% and a net margin of 15.49%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.38 EPS. On average, analysts expect that Healthcare Realty Trust will post 1.6 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its holdings in shares of Healthcare Realty Trust by 2,744.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,402,433 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,353,121 shares in the last quarter. Ffcm LLC grew its holdings in shares of Healthcare Realty Trust by 150.6% in the 4th quarter. Ffcm LLC now owns 4,712 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 2,832 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Healthcare Realty Trust by 12.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,370 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 578 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Healthcare Realty Trust by 272.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,784 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 4,233 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in shares of Healthcare Realty Trust in the 4th quarter valued at about $171,000. 97.65% of the stock is currently 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 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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