Healthcare Realty Trust (NYSE:HR) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Healthcare Realty Trust (NYSE:HR – Get Rating) from a sell rating to a hold rating in a research report released on Tuesday, 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. “

HR has been the topic of a number of other reports. StockNews.com initiated coverage on shares of Healthcare Realty Trust in a research note on Thursday, March 31st. They issued a sell rating on the stock. Credit Suisse Group initiated coverage on shares of Healthcare Realty Trust in a research note on Tuesday, February 1st. They set an outperform rating on the stock. Finally, BMO Capital Markets cut shares of Healthcare Realty Trust from an outperform rating to a market perform rating and set a $34.00 price target on the stock. in a research note on Friday, January 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Healthcare Realty Trust has an average rating of Hold and a consensus price target of $34.00.

HR opened at $27.37 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.83. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 60.82 and a beta of 0.64. Healthcare Realty Trust has a twelve month low of $25.60 and a twelve month high of $33.77. The company’s 50-day moving average price is $28.18 and its two-hundred day moving average price is $30.45.

Healthcare Realty Trust (NYSE:HR – Get Rating) last released its earnings results on Monday, February 21st. The real estate investment trust reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.05. The firm had revenue of $136.42 million for the quarter, compared to analysts’ expectations of $137.64 million. Healthcare Realty Trust had a net margin of 12.46% and a return on equity of 3.18%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, sell-side analysts anticipate that Healthcare Realty Trust will post 1.8 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, February 28th were paid a $0.31 dividend. The ex-dividend date was Friday, February 25th. This is a boost from Healthcare Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 4.53%. Healthcare Realty Trust’s dividend payout ratio is currently 275.56%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in Healthcare Realty Trust by 82.4% during the third quarter. Principal Financial Group Inc. now owns 10,100,747 shares of the real estate investment trust’s stock valued at $300,801,000 after acquiring an additional 4,561,549 shares during the last quarter. Norges Bank purchased a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at $77,282,000. Franklin Resources Inc. raised its position in Healthcare Realty Trust by 207.2% in the 3rd quarter. Franklin Resources Inc. now owns 2,669,693 shares of the real estate investment trust’s stock worth $79,504,000 after purchasing an additional 1,800,563 shares during the period. V3 Capital Management L.P. bought a new stake in Healthcare Realty Trust in the third quarter worth $44,298,000. Finally, Nordea Investment Management AB boosted its position in Healthcare Realty Trust by 887.1% during the 3rd quarter. Nordea Investment Management AB now owns 1,519,536 shares of the real estate investment trust’s stock valued at $46,452,000 after buying an additional 1,365,599 shares during the period. Institutional investors and hedge funds own 97.99% of the company’s stock.

Healthcare Realty Trust Company Profile (Get Rating)

Healthcare Realty Trust, Inc is a real estate investment trust. 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.

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