Healthcare Realty Trust (NYSE:HR) Lowered to “Sell” Rating by StockNews.com

Healthcare Realty Trust (NYSE:HR) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other equities research analysts also recently issued reports on HR. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Friday, December 20th. Scotiabank decreased their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company dropped their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, March 10th. Wedbush reaffirmed an “outperform” rating and set a $16.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Finally, Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Stock Up 0.3 %

Shares of HR traded up $0.05 during mid-day trading on Thursday, hitting $16.76. The company had a trading volume of 1,809,769 shares, compared to its average volume of 3,140,905. Healthcare Realty Trust has a 1-year low of $13.64 and a 1-year high of $18.90. The business’s 50-day simple moving average is $16.65 and its 200-day simple moving average is $17.24. The stock has a market cap of $5.88 billion, a PE ratio of -9.41 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $309.77 million for the quarter, compared to analyst estimates of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. Healthcare Realty Trust’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. On average, sell-side analysts expect that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of HR. Smartleaf Asset Management LLC raised its stake in shares of Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 612 shares during the period. Blue Trust Inc. grew its holdings in Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 925 shares in the last quarter. Synergy Investment Management LLC purchased a new stake in Healthcare Realty Trust during the 4th quarter worth $36,000. Lazard Asset Management LLC purchased a new stake in Healthcare Realty Trust during the 4th quarter worth $45,000. Finally, Jones Financial Companies Lllp lifted its holdings in Healthcare Realty Trust by 68.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,249 shares in the last quarter.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. 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.