Healthcare Realty Trust (HR) Lifted to Outperform at Raymond James

Raymond James upgraded shares of Healthcare Realty Trust (NYSE:HR) from a mkt perform rating to an outperform rating in a report issued on Monday morning, Briefing.com Automated Import reports. They currently have $34.00 price objective on the real estate investment trust’s stock.

HR has been the subject of several other research reports. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a hold rating to a sell rating in a research note on Wednesday, April 3rd. ValuEngine raised shares of Healthcare Realty Trust from a hold rating to a buy rating in a research note on Thursday, January 17th. Finally, TheStreet raised shares of Healthcare Realty Trust from a c rating to a b- rating in a research note on Thursday, February 14th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $31.75.

HR stock traded down $0.28 during trading on Monday, hitting $31.00. The stock had a trading volume of 3,617 shares, compared to its average volume of 628,330. Healthcare Realty Trust has a 1-year low of $26.09 and a 1-year high of $32.98. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 6.25 and a beta of 0.49. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.74.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Healthcare Realty Trust had a net margin of 14.52% and a return on equity of 3.73%. The firm had revenue of $112.66 million during the quarter, compared to the consensus estimate of $114.57 million. During the same quarter in the previous year, the company posted $0.40 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.87%. The ex-dividend date is Tuesday, May 14th. Healthcare Realty Trust’s payout ratio is 76.43%.

A number of hedge funds have recently made changes to their positions in the stock. Amica Retiree Medical Trust purchased a new stake in Healthcare Realty Trust in the 1st quarter valued at about $230,000. Kennedy Capital Management Inc. grew its holdings in Healthcare Realty Trust by 14.5% in the 1st quarter. Kennedy Capital Management Inc. now owns 200,175 shares of the real estate investment trust’s stock valued at $6,428,000 after buying an additional 25,306 shares during the period. Citigroup Inc. grew its holdings in Healthcare Realty Trust by 10.3% in the 1st quarter. Citigroup Inc. now owns 99,498 shares of the real estate investment trust’s stock valued at $3,195,000 after buying an additional 9,268 shares during the period. OppenheimerFunds Inc. grew its holdings in Healthcare Realty Trust by 16.6% in the 1st quarter. OppenheimerFunds Inc. now owns 45,247 shares of the real estate investment trust’s stock valued at $1,453,000 after buying an additional 6,434 shares during the period. Finally, Federated Investors Inc. PA grew its holdings in Healthcare Realty Trust by 3.7% in the 1st quarter. Federated Investors Inc. PA now owns 281,112 shares of the real estate investment trust’s stock valued at $9,026,000 after buying an additional 10,157 shares during the period. 97.56% of the stock is owned by hedge funds and other institutional investors.

About Healthcare Realty Trust

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 December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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