Healthcare Realty Trust Incorporated (HR) Given “Buy” Rating at BMO Capital Markets

BMO Capital Markets restated their buy rating on shares of Healthcare Realty Trust Incorporated (NYSE:HR) in a report issued on Thursday, November 2nd. The brokerage currently has a $34.00 target price on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a hold rating to a sell rating in a research note on Wednesday, September 13th. Morgan Stanley raised their price objective on shares of Healthcare Realty Trust from $32.50 to $34.00 and gave the stock an overweight rating in a report on Monday, September 25th. Jefferies Group LLC reissued a hold rating and set a $36.00 price objective on shares of Healthcare Realty Trust in a report on Monday, July 17th. Cantor Fitzgerald reaffirmed a buy rating on shares of Healthcare Realty Trust in a report on Wednesday, August 23rd. Finally, Mizuho reaffirmed a hold rating and issued a $35.00 target price on shares of Healthcare Realty Trust in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $33.29.

Healthcare Realty Trust (HR) traded up $0.28 on Thursday, reaching $32.71. 524,990 shares of the company’s stock traded hands, compared to its average volume of 733,083. The stock has a market capitalization of $4,090.00, a P/E ratio of 20.60, a price-to-earnings-growth ratio of 5.16 and a beta of 0.32. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.63. Healthcare Realty Trust has a fifty-two week low of $28.38 and a fifty-two week high of $36.25.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Healthcare Realty Trust had a net margin of 26.70% and a return on equity of 6.62%. The company had revenue of $106.95 million for the quarter, compared to analyst estimates of $108.97 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. Healthcare Realty Trust’s revenue was up 3.2% on a year-over-year basis. sell-side analysts expect that Healthcare Realty Trust will post 1.57 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Wednesday, November 15th. Healthcare Realty Trust’s dividend payout ratio is currently 122.45%.

In related news, Director John Knox Singleton acquired 3,074 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was bought at an average price of $32.55 per share, with a total value of $100,058.70. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.85% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HR. Fiduciary Trust Co. purchased a new position in Healthcare Realty Trust in the 2nd quarter worth approximately $113,000. Quantbot Technologies LP purchased a new position in shares of Healthcare Realty Trust during the 3rd quarter valued at approximately $130,000. Pacad Investment Ltd. boosted its stake in shares of Healthcare Realty Trust by 41.2% during the 2nd quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 1,400 shares during the last quarter. Huntington National Bank boosted its stake in shares of Healthcare Realty Trust by 36.7% during the 2nd quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 1,393 shares during the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in shares of Healthcare Realty Trust during the 1st quarter valued at approximately $202,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

About Healthcare Realty Trust

Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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