Analysts at BMO Capital Markets assumed coverage of shares of Healthcare Realty Trust (NYSE:HR – Rating Received) in a research report released for clients and investors on Wednesday, TipRanks reports. The brokerage firm has given a “hold” rating and a price target of $28.00 on shares in Real Estate Investment Trust. BMO Capital Markets’ price target suggests a potential upside of 6.30% from the company’s previous close.
A number of other equity analysts also recently rated the stock. Barclays began reporting on shares of Healthcare Realty Trust in a research note on Tuesday, April 26. They assigned an “overweight” rating and price target of $33.00 to the stock. Capital One Financial began reporting on shares of Healthcare Realty Trust in a research note on Friday, June 3rd. They issued an “overweight” rating and a price target of $33.00 on the stock. StockNews.com began reporting on shares of Healthcare Realty Trust in a research note on Thursday, March 31st. They gave the stock a “sell” rating. Finally, Berenberg Bank downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered its price target on the company from $35.00 in a research note on Tuesday, May 10 to $32.00. One research analyst has assigned a sell rating to the stock, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target of $31.80.
Shares of HR stock fell $0.10 during trading hours on Wednesday to hit $26.34. The company’s shares had a trading volume of 63,358 shares compared to an average volume of 3,421,218. The company has a 50-day moving average of $28.06 and a 200-day moving average of $29.20. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 47.05 and a beta of 0.60. Healthcare Realty Trust has a 12-month low of $24.36 and a 12-month high of $33.77. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt to equity ratio of 0.89.
Healthcare Realty Trust (NYSE:HR – Get Rating) last announced earnings results on Thursday, May 5th. The Real Estate Investment Trust reported earnings per share (EPS) of $0.28 for the quarter, missing analyst consensus estimates of $0.45 ($0.17). Healthcare Realty Trust had a return on equity of 3.94% and a net margin of 15.50%. The company had revenue of $142.90 million for the quarter, compared to analyst estimates of $144.30 million. In the same quarter last year, the company posted $0.42 per share. The company’s revenue increased 9.7% compared to the prior-year quarter. On average, equity analysts expect Healthcare Realty Trust to report 1.77 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their HR holdings. The Royal Bank of Canada increased its position in Healthcare Realty Trust shares by 63.5% in the third quarter. The Royal Bank of Canada now owns 131,605 shares of the Real Estate Investment Trust worth $3,919,000 after purchasing an additional 51,112 shares last quarter. Tudor Investment Corp Et Al acquired a new interest in Healthcare Realty Trust stock valued at approximately $5,920,000 during the third quarter. Janus Henderson Group PLC acquired a new interest in Healthcare Realty Trust valued at approximately $420,000 during the third quarter. Balyasny Asset Management LLC increased its stake in Healthcare Realty Trust shares by 123.2% during the third quarter. Balyasny Asset Management LLC now owns 1,467,558 shares of Real Estate Investment Trust valued at $43,704,000 after purchasing an additional 809,931 shares last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in Healthcare Realty Trust shares by 1.8% in the third quarter. UBS Asset Management Americas Inc. now owns 749,684 shares of the real estate fund, valued at $22,326,000, after buying another 13,580 shares last quarter. Institutional investors own 96.65% of the company’s shares.
About Healthcare Realty Trust (get rating)
Healthcare Realty Trust is a real estate investment trust that integrates the ownership, management, financing and development of income generating real estate primarily associated with the provision of home healthcare services in the United States. As of September 30, 2020, the Company owned 211 properties in 24 states totaling 15.5 million square feet and valued approximately $5.5 billion.
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