Healthcare Realty Trust Inc. (HR) Trading Down 1.9%
Healthcare Realty Trust Inc. (NYSE:HR) was down 1.9% during mid-day trading on Thursday . The company traded as low as $35.26 and last traded at $35.27, with a volume of 185,795 shares. The stock had previously closed at $35.94.
A number of equities research analysts have recently issued reports on HR shares. Zacks Investment Research lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. JMP Securities lowered shares of Healthcare Realty Trust from a “market perform” rating to an “underperform” rating and set a $29.00 target price for the company. in a report on Wednesday, June 22nd. Stifel Nicolaus upped their target price on shares of Healthcare Realty Trust from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Mizuho upped their target price on shares of Healthcare Realty Trust from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Finally, Cantor Fitzgerald started coverage on shares of Healthcare Realty Trust in a report on Thursday, June 23rd. They set a “hold” rating and a $37.00 target price for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $32.13.
The stock has a market capitalization of $4.15 billion and a PE ratio of 53.88. The stock’s 50 day moving average price is $35.40 and its 200 day moving average price is $31.72.
Healthcare Realty Trust (NYSE:HR) last released its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The business earned $102.60 million during the quarter, compared to analyst estimates of $101.05 million. During the same period last year, the business posted $0.39 EPS. Healthcare Realty Trust’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts expect that Healthcare Realty Trust Inc. will post $1.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Wednesday, August 17th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Monday, August 15th.
In other Healthcare Realty Trust news, CAO Amanda L. Callaway sold 1,173 shares of the firm’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $33.50, for a total value of $39,295.50. Following the completion of the sale, the chief accounting officer now owns 4,733 shares of the company’s stock, valued at $158,555.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Healthcare Realty Trust by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 682,899 shares of the real estate investment trust’s stock valued at $19,340,000 after buying an additional 30,572 shares during the period. State of Tennessee Treasury Department purchased a new position in Healthcare Realty Trust during the fourth quarter valued at about $2,195,000. Finally, New York State Common Retirement Fund increased its position in Healthcare Realty Trust by 94.8% in the fourth quarter. New York State Common Retirement Fund now owns 182,317 shares of the real estate investment trust’s stock valued at $5,163,000 after buying an additional 88,717 shares during the period.
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust (REIT). The Company owns, acquires, manages, finances and develops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States. It provides property management services for approximately 140 healthcare-related properties, totaling over 9.8 million square feet.
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