Healthcare Realty Trust (NYSE:HR) PT Raised to $16.00 at Wedbush

Healthcare Realty Trust (NYSE:HR) had its price objective raised by stock analysts at Wedbush from $15.00 to $16.00 in a research note issued on Wednesday, Marketbeat.com reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Wedbush’s price objective points to a potential upside of 4.23% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company cut their target price on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Stifel Nicolaus lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $17.30.

Healthcare Realty Trust Stock Up 0.3 %

Shares of NYSE HR opened at $15.35 on Wednesday. The firm’s 50-day moving average price is $13.98 and its two-hundred day moving average price is $15.07. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $20.30. The stock has a market capitalization of $5.85 billion, a P/E ratio of -20.74 and a beta of 0.78.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). The company had revenue of $330.40 million during the quarter, compared to the consensus estimate of $334.32 million. Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. During the same quarter in the previous year, the business posted $0.42 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts expect that Healthcare Realty Trust will post 1.56 earnings per share for the current year.

Hedge Funds Weigh In On Healthcare Realty Trust

Institutional investors have recently modified their holdings of the company. Quent Capital LLC increased its position in Healthcare Realty Trust by 47.4% in the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 622 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Healthcare Realty Trust by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 166,819 shares of the real estate investment trust’s stock valued at $2,547,000 after purchasing an additional 840 shares during the period. Orion Portfolio Solutions LLC grew its position in Healthcare Realty Trust by 2.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 33,928 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 856 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Healthcare Realty Trust by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 81,214 shares of the real estate investment trust’s stock worth $1,240,000 after purchasing an additional 953 shares during the period. Finally, Lindbrook Capital LLC raised its position in shares of Healthcare Realty Trust by 106.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 954 shares during the last quarter.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.