Healthcare Realty Trust (NYSE:HR) Stock Rating Upgraded by TheStreet

Healthcare Realty Trust (NYSE:HR) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a report issued on Tuesday, TheStreetRatingsTable reports.

Several other research firms have also recently weighed in on HR. Raymond James cut shares of Healthcare Realty Trust from a “strong-buy” rating to a “market perform” rating in a report on Friday, August 20th. Morgan Stanley upped their target price on shares of Healthcare Realty Trust from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Thursday, July 29th. Finally, Zacks Investment Research cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 5th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.80.

HR opened at $32.29 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average price of $30.53 and a 200-day moving average price of $30.90. Healthcare Realty Trust has a twelve month low of $27.18 and a twelve month high of $34.01. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 119.60 and a beta of 0.58.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, August 4th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.27). Healthcare Realty Trust had a net margin of 7.70% and a return on equity of 1.99%. The company had revenue of $131.42 million for the quarter, compared to analysts’ expectations of $132.29 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts expect that Healthcare Realty Trust will post 1.72 earnings per share for the current year.

In other news, EVP John M. Bryant, Jr. sold 2,896 shares of the stock in a transaction on Thursday, September 23rd. The shares were sold at an average price of $31.01, for a total value of $89,804.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. bought a new position in Healthcare Realty Trust during the first quarter valued at $39,000. Rockefeller Capital Management L.P. lifted its position in Healthcare Realty Trust by 29.5% during the first quarter. Rockefeller Capital Management L.P. now owns 1,684 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 384 shares during the last quarter. Bbva USA bought a new position in Healthcare Realty Trust during the second quarter valued at $56,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in Healthcare Realty Trust by 29.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,759 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 635 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Healthcare Realty Trust during the first quarter valued at $94,000. Institutional investors and hedge funds own 94.50% of the company’s stock.

About Healthcare Realty Trust

Healthcare Realty Trust, Inc is a real estate investment trust. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.

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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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