Healthcare Realty Trust (NYSE:HR) Stock Rating Upgraded by StockNews.com

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

Several other analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, December 20th. Scotiabank lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Tuesday. Wedbush reiterated an “outperform” rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. Finally, Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus price target of $17.20.

Healthcare Realty Trust Stock Down 0.7 %

HR stock opened at $16.74 on Tuesday. The company has a market capitalization of $5.93 billion, a PE ratio of -9.40 and a beta of 0.94. The stock’s 50 day moving average is $16.63 and its two-hundred day moving average is $17.38. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90.

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

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, COO Robert E. Hull sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the completion of the transaction, the chief operating officer now owns 171,400 shares in the company, valued at approximately $2,996,072. The trade was a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Private Advisor Group LLC grew its position in Healthcare Realty Trust by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust’s stock valued at $551,000 after buying an additional 1,062 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Healthcare Realty Trust by 559.8% in the third quarter. International Assets Investment Management LLC now owns 123,692 shares of the real estate investment trust’s stock valued at $22,450,000 after acquiring an additional 104,944 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Healthcare Realty Trust by 33.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,693 shares of the real estate investment trust’s stock valued at $267,000 after acquiring an additional 3,715 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Healthcare Realty Trust by 5.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 44,034 shares of the real estate investment trust’s stock worth $799,000 after purchasing an additional 2,446 shares in the last quarter. Finally, abrdn plc lifted its position in Healthcare Realty Trust by 2.6% in the third quarter. abrdn plc now owns 252,889 shares of the real estate investment trust’s stock worth $4,590,000 after purchasing an additional 6,419 shares during the period.

Healthcare Realty Trust Company Profile

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.