Healthcare Realty Trust Incorporated (NYSE:HR) Receives $21.67 Average PT from Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.6667.

HR has been the subject of a number of recent research reports. Raymond James Financial began coverage on Healthcare Realty Trust in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $24.00 target price for the company. Scotiabank raised their price target on Healthcare Realty Trust from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Cantor Fitzgerald boosted their price objective on Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, UBS Group increased their price objective on Healthcare Realty Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th.

Insider Buying and Selling

In related news, CAO Amanda L. Callaway sold 25,767 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total transaction of $524,873.79. Following the completion of the sale, the chief accounting officer directly owned 109,954 shares in the company, valued at $2,239,762.98. This represents a 18.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

Large investors have recently added to or reduced their stakes in the company. PGGM Investments purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at about $113,389,000. Resolution Capital Ltd boosted its holdings in shares of Healthcare Realty Trust by 72.4% during the first quarter. Resolution Capital Ltd now owns 14,034,367 shares of the real estate investment trust’s stock worth $238,444,000 after purchasing an additional 5,892,501 shares during the period. Invesco Ltd. boosted its holdings in shares of Healthcare Realty Trust by 233.8% during the third quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after purchasing an additional 5,393,651 shares during the period. Norges Bank bought a new stake in shares of Healthcare Realty Trust in the fourth quarter worth about $62,154,000. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Healthcare Realty Trust in the fourth quarter worth about $31,810,000.

Healthcare Realty Trust Stock Down 0.5%

Healthcare Realty Trust stock opened at $21.77 on Monday. The firm has a fifty day simple moving average of $20.52 and a two-hundred day simple moving average of $18.90. Healthcare Realty Trust has a twelve month low of $15.28 and a twelve month high of $22.04. The company has a market capitalization of $7.54 billion, a PE ratio of -37.53 and a beta of 0.98.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $275.28 million for the quarter, compared to analysts’ expectations of $283.01 million. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm earned $0.39 earnings per share. As a group, equities analysts expect that Healthcare Realty Trust will post 1.63 earnings per share for the current fiscal year.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.