Healthcare Realty Trust (NYSE:HR) Receives “Hold” Rating from BMO Capital Markets

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BMO Capital Markets reaffirmed their hold rating on shares of Healthcare Realty Trust (NYSE:HR) in a research note published on Wednesday morning, AnalystRatings.com reports. They currently have a $31.00 price target on the real estate investment trust’s stock.

A number of other research analysts have also commented on HR. ValuEngine lowered Healthcare Realty Trust from a buy rating to a hold rating in a research report on Thursday, August 1st. Berenberg Bank began coverage on shares of Healthcare Realty Trust in a research note on Thursday, September 12th. They issued a buy rating on the stock. Morgan Stanley raised their price target on shares of Healthcare Realty Trust from $31.00 to $33.00 and gave the stock an equal weight rating in a research note on Tuesday, September 17th. Capital One Financial reaffirmed an equal weight rating on shares of Healthcare Realty Trust in a research note on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Healthcare Realty Trust from a buy rating to a hold rating in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $33.67.

Shares of HR remained flat at $$32.18 during mid-day trading on Wednesday. 1,051,576 shares of the stock traded hands, compared to its average volume of 697,330. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.13 and a current ratio of 0.16. The business has a 50-day moving average price of $33.71 and a 200-day moving average price of $32.60. Healthcare Realty Trust has a 1 year low of $27.08 and a 1 year high of $34.89. The company has a market cap of $4.20 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 9.36 and a beta of 0.29.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.37). Healthcare Realty Trust had a net margin of 6.12% and a return on equity of 1.59%. The business had revenue of $119.80 million for the quarter, compared to analysts’ expectations of $117.93 million. During the same period in the prior year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Healthcare Realty Trust will post 1.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Wednesday, November 13th. Healthcare Realty Trust’s dividend payout ratio (DPR) is 76.43%.

A number of hedge funds and other institutional investors have recently bought and sold shares of HR. Vanguard Group Inc. increased its position in shares of Healthcare Realty Trust by 0.4% in the second quarter. Vanguard Group Inc. now owns 18,807,903 shares of the real estate investment trust’s stock valued at $589,064,000 after acquiring an additional 66,439 shares during the period. BlackRock Inc. grew its stake in Healthcare Realty Trust by 0.5% during the 2nd quarter. BlackRock Inc. now owns 18,435,111 shares of the real estate investment trust’s stock worth $577,386,000 after buying an additional 90,640 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Healthcare Realty Trust by 5.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,117,172 shares of the real estate investment trust’s stock worth $285,550,000 after buying an additional 473,389 shares during the last quarter. Northern Trust Corp grew its stake in Healthcare Realty Trust by 3.2% during the 2nd quarter. Northern Trust Corp now owns 3,366,053 shares of the real estate investment trust’s stock worth $105,425,000 after buying an additional 103,638 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Healthcare Realty Trust by 2.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,380,319 shares of the real estate investment trust’s stock worth $74,552,000 after buying an additional 51,384 shares during the last quarter. 96.65% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Realty Trust Company Profile

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 December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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