Healthcare Realty Trust (NYSE:HR) Upgraded at Wall Street Zen

Healthcare Realty Trust (NYSE:HR) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

HR has been the topic of a number of other reports. Wells Fargo & Company lifted their price objective on shares of Healthcare Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Citigroup upped their price target on Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Royal Bank Of Canada assumed coverage on shares of Healthcare Realty Trust in a report on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Healthcare Realty Trust in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.13.

Healthcare Realty Trust Stock Up 0.4%

Shares of HR stock opened at $16.77 on Friday. The stock has a market capitalization of $5.90 billion, a PE ratio of -15.82 and a beta of 0.96. Healthcare Realty Trust has a 52 week low of $14.09 and a 52 week high of $18.97. The firm has a 50 day moving average of $17.22 and a two-hundred day moving average of $17.39.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $297.77 million during the quarter, compared to analysts’ expectations of $291.10 million. Healthcare Realty Trust had a negative return on equity of 7.32% and a negative net margin of 30.51%.Healthcare Realty Trust’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. Analysts expect that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HR. Marble Harbor Investment Counsel LLC raised its stake in shares of Healthcare Realty Trust by 6.8% in the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 909,932 shares of the real estate investment trust’s stock valued at $14,432,000 after acquiring an additional 57,609 shares during the period. Liberty One Investment Management LLC lifted its stake in shares of Healthcare Realty Trust by 30.2% in the third quarter. Liberty One Investment Management LLC now owns 407,463 shares of the real estate investment trust’s stock worth $7,347,000 after acquiring an additional 94,568 shares in the last quarter. Norges Bank acquired a new position in shares of Healthcare Realty Trust in the 2nd quarter valued at approximately $66,085,000. Pacer Advisors Inc. acquired a new stake in Healthcare Realty Trust in the third quarter valued at $1,237,000. Finally, William Blair Investment Management LLC raised its stake in shares of Healthcare Realty Trust by 0.6% in the 2nd quarter. William Blair Investment Management LLC now owns 2,278,809 shares of the real estate investment trust’s stock valued at $36,142,000 after purchasing an additional 14,015 shares in the last quarter.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.