Healthcare Realty Trust Incorporated (NYSE:HR) Downgraded by BidaskClub to “Sell”

Healthcare Realty Trust Incorporated (NYSE:HR) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, August 1st.

A number of other analysts have also recently issued reports on HR. Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Stifel Nicolaus decreased their price target on Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Jefferies Group LLC restated a “buy” rating and issued a $36.00 price target on shares of Healthcare Realty Trust in a report on Friday, May 12th. Cantor Fitzgerald upped their price target on Healthcare Realty Trust from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 12th. Finally, Mizuho restated a “neutral” rating on shares of Healthcare Realty Trust in a report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $34.50.

Healthcare Realty Trust (HR) opened at 32.40 on Tuesday. Healthcare Realty Trust has a 52 week low of $26.66 and a 52 week high of $36.38. The firm’s 50-day moving average is $33.01 and its 200 day moving average is $32.73. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 31.15 and a beta of 0.29.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The firm had revenue of $105.20 million for the quarter, compared to analysts’ expectations of $105.67 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that Healthcare Realty Trust will post $0.73 EPS for the current year.

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In other news, insider John M. Bryant, Jr. sold 7,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $33.51, for a total transaction of $234,570.00. Following the completion of the transaction, the insider now directly owns 142,256 shares in the company, valued at approximately $4,766,998.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Knox Singleton bought 3,450 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average price of $31.88 per share, with a total value of $109,986.00. Following the completion of the purchase, the director now owns 17,693 shares in the company, valued at approximately $564,052.84. The disclosure for this purchase can be found here. Corporate insiders own 1.85% of the company’s stock.

Several large investors have recently bought and sold shares of HR. Neuberger Berman Group LLC raised its stake in Healthcare Realty Trust by 0.7% in the second quarter. Neuberger Berman Group LLC now owns 6,267 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 46 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Healthcare Realty Trust by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 9,317 shares of the real estate investment trust’s stock valued at $318,000 after buying an additional 66 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Healthcare Realty Trust by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 72 shares in the last quarter. Bank of Montreal Can raised its stake in Healthcare Realty Trust by 1.3% in the second quarter. Bank of Montreal Can now owns 6,466 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 84 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in Healthcare Realty Trust by 0.5% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 20,066 shares of the real estate investment trust’s stock valued at $652,000 after buying an additional 96 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Realty Trust Company Profile

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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