Healthcare Realty Trust (NYSE:HR) Downgraded by Zacks Investment Research

Healthcare Realty Trust (NYSE:HR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated with the delivery of healthcare services throughout the United States. “

A number of other brokerages also recently issued reports on HR. ValuEngine downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Berenberg Bank initiated coverage on Healthcare Realty Trust in a report on Thursday, September 12th. They issued a “buy” rating on the stock. Morgan Stanley lifted their price target on Healthcare Realty Trust from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, September 17th. Capital One Financial reiterated an “equal weight” rating on shares of Healthcare Realty Trust in a report on Thursday, August 1st. Finally, Citigroup initiated coverage on Healthcare Realty Trust in a report on Thursday, June 20th. They issued a “neutral” rating and a $34.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Healthcare Realty Trust presently has an average rating of “Hold” and an average price target of $34.20.

Shares of NYSE:HR opened at $34.03 on Thursday. Healthcare Realty Trust has a 12-month low of $27.04 and a 12-month high of $34.39. The business’s fifty day simple moving average is $33.42 and its 200-day simple moving average is $32.38. The company has a market capitalization of $4.32 billion, a PE ratio of 21.68, a P/E/G ratio of 9.64 and a beta of 0.31. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.82.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.37). Healthcare Realty Trust had a net margin of 7.08% and a return on equity of 1.83%. The company had revenue of $116.32 million during the quarter, compared to analysts’ expectations of $114.50 million. During the same quarter in the prior year, the business posted $0.40 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Research analysts predict that Healthcare Realty Trust will post 1.58 EPS for the current year.

Several institutional investors have recently bought and sold shares of HR. Marshall Wace North America L.P. acquired a new stake in shares of Healthcare Realty Trust in the 1st quarter worth $39,000. FMR LLC boosted its position in shares of Healthcare Realty Trust by 3.6% in the 1st quarter. FMR LLC now owns 5,990,701 shares of the real estate investment trust’s stock worth $192,361,000 after purchasing an additional 209,843 shares in the last quarter. Eii Capital Management Inc. boosted its position in shares of Healthcare Realty Trust by 30.5% in the 2nd quarter. Eii Capital Management Inc. now owns 20,891 shares of the real estate investment trust’s stock worth $654,000 after purchasing an additional 4,878 shares in the last quarter. Carroll Financial Associates Inc. acquired a new stake in shares of Healthcare Realty Trust in the 2nd quarter worth $176,000. Finally, Retirement Systems of Alabama boosted its position in shares of Healthcare Realty Trust by 13.9% in the 2nd quarter. Retirement Systems of Alabama now owns 391,856 shares of the real estate investment trust’s stock worth $12,273,000 after purchasing an additional 47,953 shares in the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.

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.

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