Berenberg Bank began coverage on shares of Healthcare Realty Trust (NYSE:HR) in a research note issued to investors on Thursday morning, The Fly reports. The firm issued a buy rating on the real estate investment trust’s stock.
HR has been the topic of a number of other research reports. Capital One Financial reissued an equal weight rating on shares of Healthcare Realty Trust in a report on Thursday, August 1st. Citigroup started coverage on Healthcare Realty Trust in a report on Thursday, June 20th. They set a neutral rating and a $34.00 price target on the stock. Zacks Investment Research lowered Healthcare Realty Trust from a hold rating to a sell rating in a report on Wednesday, July 17th. Finally, ValuEngine lowered Healthcare Realty Trust from a buy rating to a hold rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $32.75.
HR opened at $32.56 on Thursday. The business’s 50-day simple moving average is $32.78 and its 200-day simple moving average is $32.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.13 and a current ratio of 0.13. Healthcare Realty Trust has a one year low of $26.98 and a one year high of $33.89. The stock has a market capitalization of $4.31 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 9.62 and a beta of 0.33.
Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.37). Healthcare Realty Trust had a return on equity of 1.83% and a net margin of 7.08%. The firm had revenue of $116.32 million for the quarter, compared to analyst estimates of $114.50 million. During the same quarter last year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Healthcare Realty Trust will post 1.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Wednesday, August 14th. Healthcare Realty Trust’s dividend payout ratio is currently 76.43%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in Healthcare Realty Trust by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 1,698,171 shares of the real estate investment trust’s stock valued at $48,295,000 after purchasing an additional 115,152 shares in the last quarter. Rhumbline Advisers boosted its holdings in Healthcare Realty Trust by 1.8% in the 1st quarter. Rhumbline Advisers now owns 418,176 shares of the real estate investment trust’s stock valued at $13,428,000 after purchasing an additional 7,594 shares in the last quarter. Texas Permanent School Fund boosted its holdings in Healthcare Realty Trust by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 85,073 shares of the real estate investment trust’s stock valued at $2,732,000 after purchasing an additional 3,119 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Healthcare Realty Trust by 17.3% in the 1st quarter. California Public Employees Retirement System now owns 156,199 shares of the real estate investment trust’s stock valued at $5,016,000 after purchasing an additional 23,003 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its holdings in Healthcare Realty Trust by 1.6% in the 1st quarter. Mason Street Advisors LLC now owns 66,628 shares of the real estate investment trust’s stock valued at $2,139,000 after purchasing an additional 1,029 shares in the last quarter. 96.66% of the stock is currently owned by hedge funds and other institutional investors.
Healthcare Realty Trust Company Profile
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.
Recommended Story: What is dividend yield?
Receive News & Ratings for Healthcare Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.