Healthcare Realty Trust (NYSE:HR) Downgraded to “Sell” at Zacks Investment Research

Healthcare Realty Trust (NYSE:HRGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday, 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. “

Several other equities analysts have also recently issued reports on HR. Berenberg Bank cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $35.00 to $32.00 in a report on Tuesday, May 10th. StockNews.com assumed coverage on Healthcare Realty Trust in a report on Thursday, March 31st. They issued a “sell” rating for the company. Barclays assumed coverage on Healthcare Realty Trust in a report on Tuesday, April 26th. They issued an “overweight” rating and a $33.00 price objective for the company. Finally, Credit Suisse Group assumed coverage on Healthcare Realty Trust in a report on Tuesday, February 1st. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.40.

Healthcare Realty Trust stock traded up $0.56 during trading hours on Friday, hitting $27.82. 2,454,087 shares of the stock traded hands, compared to its average volume of 3,170,506. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s 50 day moving average price is $28.05 and its 200-day moving average price is $29.97. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 49.68 and a beta of 0.61. Healthcare Realty Trust has a 1 year low of $25.60 and a 1 year high of $33.77.

Healthcare Realty Trust (NYSE:HRGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.28 earnings per share 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 net margin of 15.50% and a return on equity of 3.94%. The firm’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 firm posted $0.42 EPS. Research analysts forecast that Healthcare Realty Trust will post 1.78 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its stake in Healthcare Realty Trust by 5.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 263,318 shares of the real estate investment trust’s stock worth $7,842,000 after buying an additional 12,725 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Healthcare Realty Trust during the 4th quarter worth approximately $5,317,000. M&T Bank Corp increased its stake in Healthcare Realty Trust by 30.2% during the 4th quarter. M&T Bank Corp now owns 10,029 shares of the real estate investment trust’s stock worth $317,000 after buying an additional 2,324 shares in the last quarter. Marble Harbor Investment Counsel LLC increased its stake in Healthcare Realty Trust by 4.7% during the 4th quarter. Marble Harbor Investment Counsel LLC now owns 489,986 shares of the real estate investment trust’s stock worth $15,503,000 after buying an additional 22,185 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Healthcare Realty Trust by 69.0% during the 4th quarter. Russell Investments Group Ltd. now owns 205,322 shares of the real estate investment trust’s stock worth $6,493,000 after buying an additional 83,798 shares in the last quarter. 96.65% of the stock is owned by institutional investors.

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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