Healthcare Realty Trust (NYSE:HR) Cut to Hold at Berenberg Bank

Healthcare Realty Trust (NYSE:HRGet Rating) was downgraded by equities research analysts at Berenberg Bank from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.

A number of other equities analysts have also issued reports on HR. Barclays assumed coverage on Healthcare Realty Trust in a research note on Tuesday, April 26th. They issued an “overweight” rating and a $33.00 target price for the company. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Credit Suisse Group assumed coverage on Healthcare Realty Trust in a research note on Tuesday, February 1st. They set an “outperform” rating for the company. Finally, StockNews.com assumed coverage on Healthcare Realty Trust in a research note on Thursday, March 31st. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.75.

Shares of HR stock opened at $30.67 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.33 and a quick ratio of 0.15. The stock’s 50 day simple moving average is $27.87 and its two-hundred day simple moving average is $30.19. Healthcare Realty Trust has a 1 year low of $25.60 and a 1 year high of $33.77. The company has a market cap of $4.63 billion, a PE ratio of 54.77 and a beta of 0.61.

Healthcare Realty Trust (NYSE:HRGet Rating) last released its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.17). The firm 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 revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.42 earnings per share. Equities research analysts expect that Healthcare Realty Trust will post 1.78 EPS for the current year.

Several institutional investors have recently made changes to their positions in HR. Marshall Wace North America L.P. purchased a new position in shares of Healthcare Realty Trust in the 1st quarter valued at about $39,000. Morgan Stanley increased its stake in shares of Healthcare Realty Trust by 91.8% in the 2nd quarter. Morgan Stanley now owns 510,498 shares of the real estate investment trust’s stock valued at $15,416,000 after purchasing an additional 244,343 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Healthcare Realty Trust by 27.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,978 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 2,582 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Healthcare Realty Trust by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,001 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 307 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Healthcare Realty Trust by 2.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 121,524 shares of the real estate investment trust’s stock worth $3,616,000 after buying an additional 3,266 shares during the last quarter. Hedge funds and other institutional investors own 96.65% of the company’s stock.

Healthcare Realty Trust Company Profile (Get Rating)

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 September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.

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