Healthcare Realty Trust (NYSE:HR) Rating Lowered to “Sell” at StockNews.com

Healthcare Realty Trust (NYSE:HR) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

HR has been the subject of several other reports. JPMorgan Chase & Co. cut Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Friday, December 20th. Scotiabank dropped their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. Wells Fargo & Company dropped their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, March 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Healthcare Realty Trust in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Healthcare Realty Trust Trading Up 0.3 %

Shares of NYSE:HR traded up $0.05 on Thursday, reaching $16.76. 1,809,769 shares of the company were exchanged, compared to its average volume of 3,140,905. The company has a 50-day moving average of $16.65 and a 200-day moving average of $17.24. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of -9.41 and a beta of 0.97. Healthcare Realty Trust has a 1-year low of $13.64 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The company had revenue of $309.77 million for the quarter, compared to analyst estimates of $303.81 million. During the same period in the prior year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, analysts forecast that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Capital Investment Advisors LLC grew its holdings in shares of Healthcare Realty Trust by 31.0% during the fourth quarter. Capital Investment Advisors LLC now owns 469,323 shares of the real estate investment trust’s stock worth $7,955,000 after buying an additional 111,125 shares in the last quarter. Cerity Partners LLC boosted its position in Healthcare Realty Trust by 106.4% during the third quarter. Cerity Partners LLC now owns 77,545 shares of the real estate investment trust’s stock worth $1,407,000 after acquiring an additional 39,975 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Healthcare Realty Trust in the 4th quarter worth approximately $440,000. Steward Partners Investment Advisory LLC raised its holdings in Healthcare Realty Trust by 3,419.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 28,510 shares of the real estate investment trust’s stock valued at $483,000 after acquiring an additional 27,700 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Healthcare Realty Trust during the 3rd quarter worth $849,000.

About Healthcare Realty Trust

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.