Healthcare Realty Trust (NYSE:HR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated with the delivery of healthcare services throughout the United States. “

Other equities analysts have also recently issued reports about the stock. Raymond James assumed coverage on shares of Healthcare Realty Trust in a research note on Thursday, October 18th. They issued an “underperform” rating for the company. Mizuho reiterated a “hold” rating and issued a $28.00 target price on shares of Healthcare Realty Trust in a research note on Monday, August 13th. Finally, Morgan Stanley cut shares of Healthcare Realty Trust from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $29.00 to $28.00 in a research note on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.43.

HR opened at $29.38 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.77. Healthcare Realty Trust has a 1 year low of $26.09 and a 1 year high of $33.98. The firm has a market capitalization of $3.66 billion, a P/E ratio of 19.20, a PEG ratio of 4.62 and a beta of 0.20.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.34). Healthcare Realty Trust had a net margin of 3.66% and a return on equity of 0.92%. The firm had revenue of $113.46 million during the quarter, compared to analyst estimates of $112.45 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that Healthcare Realty Trust will post 1.58 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC increased its holdings in Healthcare Realty Trust by 1.6% in the 3rd quarter. Teachers Advisors LLC now owns 236,229 shares of the real estate investment trust’s stock worth $6,912,000 after acquiring an additional 3,615 shares in the last quarter. Macquarie Group Ltd. increased its holdings in Healthcare Realty Trust by 2.3% in the 3rd quarter. Macquarie Group Ltd. now owns 1,802,425 shares of the real estate investment trust’s stock worth $52,739,000 after acquiring an additional 40,682 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in Healthcare Realty Trust by 18.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 159,961 shares of the real estate investment trust’s stock worth $4,680,000 after acquiring an additional 24,521 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in Healthcare Realty Trust by 50.1% in the 3rd quarter. Vident Investment Advisory LLC now owns 12,369 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 4,128 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Healthcare Realty Trust by 12.4% in the 3rd quarter. Pacer Advisors Inc. now owns 44,509 shares of the real estate investment trust’s stock worth $1,302,000 after acquiring an additional 4,905 shares in the last quarter. 95.72% of the stock is owned by institutional investors.

About Healthcare Realty Trust

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 June 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.9 million square feet and was valued at approximately $5.0 billion.

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