Healthcare Realty Trust’s (HR) Hold Rating Reiterated at Jefferies Group LLC
Healthcare Realty Trust Incorporated (NYSE:HR)‘s stock had its “hold” rating restated by investment analysts at Jefferies Group LLC in a research note issued on Thursday. They presently have a $34.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $36.00. Jefferies Group LLC’s price target points to a potential upside of 6.35% from the stock’s previous close.
Several other brokerages have also recently weighed in on HR. Mizuho reaffirmed a “neutral” rating on shares of Healthcare Realty Trust in a report on Wednesday, June 28th. Zacks Investment Research raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th. BidaskClub raised Healthcare Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Cantor Fitzgerald lifted their price objective on Healthcare Realty Trust from $35.00 to $38.00 and gave the company a “buy” rating in a report on Monday, June 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Healthcare Realty Trust in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Healthcare Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $34.50.
Shares of Healthcare Realty Trust (NYSE HR) traded up 0.60% on Thursday, hitting $31.97. The company had a trading volume of 1,922,009 shares. The firm has a 50-day moving average price of $33.55 and a 200 day moving average price of $32.64. The company has a market capitalization of $3.73 billion, a P/E ratio of 30.74 and a beta of 0.29. Healthcare Realty Trust has a 12-month low of $26.66 and a 12-month high of $36.38.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $105.20 million during the quarter, compared to analyst estimates of $105.67 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. Healthcare Realty Trust’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share. Equities analysts expect that Healthcare Realty Trust will post $0.75 EPS for the current year.
In other news, insider John M. Bryant, Jr. sold 7,000 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $33.51, for a total transaction of $234,570.00. Following the completion of the transaction, the insider now owns 142,256 shares of the company’s stock, valued at approximately $4,766,998.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert E. Hull sold 1,744 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $32.45, for a total value of $56,592.80. Following the transaction, the executive vice president now directly owns 58,174 shares of the company’s stock, valued at approximately $1,887,746.30. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Healthcare Realty Trust by 6,758.3% in the first quarter. BlackRock Inc. now owns 14,975,042 shares of the real estate investment trust’s stock worth $486,689,000 after buying an additional 14,756,694 shares during the period. Morgan Stanley raised its stake in shares of Healthcare Realty Trust by 52.5% in the first quarter. Morgan Stanley now owns 5,297,551 shares of the real estate investment trust’s stock worth $172,171,000 after buying an additional 1,822,804 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Healthcare Realty Trust during the first quarter worth $19,801,000. Russell Investments Group Ltd. raised its stake in shares of Healthcare Realty Trust by 100.8% in the second quarter. Russell Investments Group Ltd. now owns 1,041,967 shares of the real estate investment trust’s stock worth $35,559,000 after buying an additional 522,959 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Healthcare Realty Trust during the first quarter worth $15,959,000. 96.04% of the stock is owned by institutional investors.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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