BMO Capital Markets initiated coverage of shares of Healthcare Realty Trust (NYSE:HR – Valuation Received) In a research note issued to investors on Wednesday, TipRanks reports. The brokerage firm issued a hold rating and a price target of $28.00 on shares of Real Estate Investment Trust.
A number of other research analysts have also recently published reports on HR. Berenberg Bank downgraded shares of Healthcare Realty Trust from a buy rating to a hold rating and lowered its price target on the stock to $32.00 from $35.00 in a report dated Tuesday, May 10. Capital One Financial began reporting on shares of Healthcare Realty Trust in a report on Friday, June 3rd. They placed the company overweight and priced at $33.00. Barclays began reporting on shares of Healthcare Realty Trust in a report on Tuesday, April 26. They placed the company overweight and priced at $33.00. Finally, StockNews.com began coverage of Healthcare Realty Trust stock in a report on Thursday, March 31st. You set a sales rating for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $31.80, according to MarketBeat.com.
NYSE:HR opened at $26.22 on Wednesday. The company has a 50-day moving average of $28.04 and a 200-day moving average of $29.18. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 46.82 and a beta of 0.60. Healthcare Realty Trust has a 52-week low of $24.36 and a 52-week high of $33.77. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt to equity ratio of 0.89.
Healthcare Realty Trust (NYSE:HR – Get Rating) last released its quarterly 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). The company had revenue of $142.90 million for the quarter, compared to analysts’ expectations of $144.30 million. Healthcare Realty Trust had a return on equity of 3.94% and a net margin of 15.50%. The company’s quarterly revenue rose 9.7% year over year. In the same period last year, the company posted $0.42 per share. As a group, analysts expect Healthcare Realty Trust to post 1.77 EPS for the year to date.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27th. Registered investors received a dividend of $0.31 per share on Monday, May 16th. The ex-dividend date was Friday May 13th. That equates to an annualized dividend of $1.24 and a yield of 4.73%. Healthcare Realty Trust’s payout ratio is currently 221.43%.
Hedge funds and other institutional investors have recently changed their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new interest in Healthcare Realty Trust stock valued at approximately $30,000 during the first quarter. Confluence Wealth Services Inc. acquired a new stake in Healthcare Realty Trust stock valued at approximately $51,000 during the fourth quarter. Covestor Ltd increased its position in Healthcare Realty Trust shares by 1,123.4% in the first quarter. Covestor Ltd now owns 2,300 shares of the Real Estate Investment Trust valued at $63,000, having purchased a further 2,112 shares during the period. Whittier Trust Co. increased its position in Healthcare Realty Trust shares by 221.6% in the fourth quarter. Whittier Trust Co. now owns 2,975 shares of the Real Estate Investment Trust, valued at $94,000, having purchased an additional 2,050 shares during the period. Finally, FourThought Financial LLC increased its position in Healthcare Realty Trust by 14.8% during the fourth quarter. FourThought Financial LLC now owns 2,979 shares of the Real Estate Investment Trust worth $94,000 after purchasing an additional 384 shares last quarter. Institutional investors and hedge funds own 96.65% of the company’s shares.
Healthcare Realty Trust Company Profile (received 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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