Healthcare Realty Trust’s (HR) “Equal Weight” Rating Reaffirmed at KeyCorp
KeyCorp reiterated their equal weight rating on shares of Healthcare Realty Trust (NYSE:HR) in a report issued on Friday morning. KeyCorp also issued estimates for Healthcare Realty Trust’s FY2019 earnings at $1.72 EPS.
Several other equities analysts have also issued reports on HR. TheStreet lowered shares of Healthcare Realty Trust from a b rating to a c+ rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Healthcare Realty Trust from a hold rating to a sell rating in a report on Tuesday, October 17th. Mizuho reaffirmed a hold rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a report on Sunday, November 5th. BMO Capital Markets reaffirmed a buy rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a report on Thursday, November 2nd. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Healthcare Realty Trust currently has an average rating of Buy and a consensus price target of $33.29.
Healthcare Realty Trust (NYSE HR) traded up $0.11 during trading on Friday, hitting $31.69. 510,677 shares of the stock traded hands, compared to its average volume of 889,599. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.63. Healthcare Realty Trust has a 1 year low of $29.04 and a 1 year high of $36.25. The company has a market capitalization of $3,944.03, a P/E ratio of 32.67, a PEG ratio of 5.08 and a beta of 0.32.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). The business had revenue of $106.95 million for the quarter, compared to analysts’ expectations of $108.97 million. Healthcare Realty Trust had a net margin of 26.70% and a return on equity of 6.62%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. research analysts expect that Healthcare Realty Trust will post 1.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.79%. Healthcare Realty Trust’s dividend payout ratio is presently 123.71%.
In other Healthcare Realty Trust news, insider Todd J. Meredith sold 4,720 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $32.77, for a total value of $154,674.40. Following the completion of the transaction, the insider now owns 414,981 shares in the company, valued at $13,598,927.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert E. Hull sold 1,495 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $33.87, for a total transaction of $50,635.65. Following the completion of the transaction, the executive vice president now owns 94,796 shares of the company’s stock, valued at approximately $3,210,740.52. The disclosure for this sale can be found here. Insiders have sold 16,847 shares of company stock valued at $551,491 over the last 90 days. 1.85% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. Fiduciary Trust Co. acquired a new position in shares of Healthcare Realty Trust during the 2nd quarter worth about $113,000. Quantbot Technologies LP acquired a new position in shares of Healthcare Realty Trust during the 3rd quarter worth about $130,000. Pacad Investment Ltd. raised its position in shares of Healthcare Realty Trust by 41.2% during the 2nd quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 1,400 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Healthcare Realty Trust by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 72 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of Healthcare Realty Trust by 0.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 6,267 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.
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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