Healthcare Realty Trust (NYSE:HR) Posts Earnings Results, Hits Estimates

Healthcare Realty Trust (NYSE:HR) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40, Zacks reports. Healthcare Realty Trust had a negative return on equity of 7.32% and a negative net margin of 30.51%.

Healthcare Realty Trust Price Performance

Shares of NYSE HR traded up $0.12 during trading on Thursday, hitting $17.51. 7,634,881 shares of the company were exchanged, compared to its average volume of 3,754,269. Healthcare Realty Trust has a 1 year low of $14.09 and a 1 year high of $18.97. The company has a market cap of $6.16 billion, a price-to-earnings ratio of -16.52 and a beta of 0.97. The firm’s fifty day moving average price is $17.03 and its 200 day moving average price is $17.44.

Institutional Trading of Healthcare Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC purchased a new position in Healthcare Realty Trust in the third quarter valued at about $25,000. Danske Bank A S purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth approximately $47,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Healthcare Realty Trust in the 3rd quarter worth approximately $55,000. Advisory Services Network LLC purchased a new position in Healthcare Realty Trust in the 3rd quarter valued at approximately $55,000. Finally, CIBC Private Wealth Group LLC increased its stake in Healthcare Realty Trust by 3,567.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,081 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 2,997 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HR. Weiss Ratings reiterated a “hold (c)” rating on shares of Healthcare Realty Trust in a research note on Monday, December 29th. Wells Fargo & Company increased their price target on Healthcare Realty Trust from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Citigroup raised their target price on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Healthcare Realty Trust has an average rating of “Hold” and an average target price of $19.13.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.