BMO Capital Markets Reiterates Hold Rating for Healthcare Realty Trust (NYSE:HR)

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Healthcare Realty Trust (NYSE:HR)‘s stock had its “hold” rating reiterated by equities researchers at BMO Capital Markets in a research note issued on Thursday, AnalystRatings.com reports. They currently have a $35.00 target price on the real estate investment trust’s stock. BMO Capital Markets’ price target indicates a potential downside of 4.71% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research report on Monday, January 20th. Citigroup upgraded shares of Healthcare Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $34.00 to $38.00 in a research report on Thursday, December 12th. Mizuho reiterated a “neutral” rating and issued a $34.00 target price on shares of Healthcare Realty Trust in a research report on Friday, December 20th. Finally, Stifel Nicolaus upgraded shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $35.00 in a research report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Healthcare Realty Trust has an average rating of “Hold” and an average price target of $35.00.

HR stock opened at $36.73 on Thursday. Healthcare Realty Trust has a 12-month low of $29.63 and a 12-month high of $37.28. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.80. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 10.00 and a beta of 0.32. The company has a 50 day moving average of $34.75 and a two-hundred day moving average of $33.50.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.21). Healthcare Realty Trust had a return on equity of 2.18% and a net margin of 8.33%. The company had revenue of $121.50 million during the quarter, compared to analysts’ expectations of $121.47 million. During the same quarter in the previous year, the company earned $0.40 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts anticipate that Healthcare Realty Trust will post 1.66 EPS for the current year.

In other news, CEO Todd J. Meredith sold 10,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $32.42, for a total transaction of $340,410.00. Following the transaction, the chief executive officer now owns 495,272 shares in the company, valued at approximately $16,056,718.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Todd J. Meredith sold 3,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $32.25, for a total transaction of $112,875.00. Following the transaction, the chief executive officer now owns 495,272 shares in the company, valued at approximately $15,972,522. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,707 shares of company stock worth $769,539. 1.87% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace North America L.P. purchased a new stake in Healthcare Realty Trust in the 1st quarter valued at approximately $39,000. Royal Bank of Canada lifted its position in shares of Healthcare Realty Trust by 59.6% during the 2nd quarter. Royal Bank of Canada now owns 26,308 shares of the real estate investment trust’s stock valued at $823,000 after acquiring an additional 9,825 shares during the period. BlackRock Inc. lifted its position in shares of 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 valued at $577,386,000 after acquiring an additional 90,640 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Healthcare Realty Trust by 30.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 110,682 shares of the real estate investment trust’s stock valued at $3,708,000 after acquiring an additional 25,793 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Healthcare Realty Trust by 76.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 44,611 shares of the real estate investment trust’s stock valued at $1,494,000 after acquiring an additional 19,353 shares during the period. Institutional investors own 93.20% of the company’s stock.

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 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.

Further Reading: Gap Down Stocks

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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