StockNews.com Upgrades Healthcare Realty Trust (NYSE:HR) to “Hold”

Healthcare Realty Trust (NYSE:HR) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other equities research analysts also recently weighed in on the company. Scotiabank lowered their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Wedbush restated an “outperform” rating and issued a $16.00 price objective on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price objective on Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. cut Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Healthcare Realty Trust Stock Performance

HR stock traded up $0.02 during trading on Tuesday, reaching $16.77. 3,124,806 shares of the company traded hands, compared to its average volume of 3,165,995. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of -9.42 and a beta of 0.97. The business has a 50 day simple moving average of $16.59 and a 200 day simple moving average of $17.29. Healthcare Realty Trust has a 12 month low of $12.91 and a 12 month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. As a group, research analysts forecast that Healthcare Realty Trust will post 1.59 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in Healthcare Realty Trust by 130.3% during the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 925 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 612 shares in the last quarter. Synergy Investment Management LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at approximately $36,000. Lazard Asset Management LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at approximately $45,000. Finally, Jones Financial Companies Lllp raised its position in Healthcare Realty Trust by 68.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,249 shares in the last quarter.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. 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.