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. “
Other equities research analysts also recently issued reports about the stock. Cantor Fitzgerald reissued a buy rating and set a $35.00 target price on shares of Healthcare Realty Trust in a research report on Wednesday, November 30th. KeyCorp downgraded shares of Healthcare Realty Trust to an underweight rating in a research report on Wednesday, December 21st. BMO Capital Markets began coverage on shares of Healthcare Realty Trust in a research report on Thursday, December 22nd. They set a market perform rating and a $31.00 target price for the company. Wells Fargo & Co raised shares of Healthcare Realty Trust from a market perform rating to an outperform rating in a research report on Tuesday, December 13th. Finally, Jefferies Group LLC began coverage on shares of Healthcare Realty Trust in a research report on Friday, December 16th. They set a buy rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $32.67.
Healthcare Realty Trust (NYSE:HR) traded down 0.112% during mid-day trading on Tuesday, hitting $31.125. 21,026 shares of the company were exchanged. The company’s 50-day moving average is $30.92 and its 200 day moving average is $31.26. The company has a market capitalization of $3.62 billion, a P/E ratio of 40.006 and a beta of 0.27. Healthcare Realty Trust has a 12-month low of $26.66 and a 12-month high of $36.60.
Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Wednesday, February 15th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.13 by $0.28. The company earned $105.30 million during the quarter, compared to the consensus estimate of $98.58 million. Healthcare Realty Trust had a net margin of 12.79% and a return on equity of 3.81%. Analysts expect that Healthcare Realty Trust will post $0.51 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Tuesday, February 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Friday, February 10th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 240.00%.
In related news, Director Bruce D. Sullivan sold 3,000 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $32.28, for a total transaction of $96,840.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Knox Singleton purchased 15,773 shares of the business’s stock in a transaction that occurred on Wednesday, March 1st. The shares were purchased at an average price of $31.86 per share, for a total transaction of $502,527.78. Following the completion of the acquisition, the director now owns 12,498 shares of the company’s stock, valued at approximately $398,186.28. The disclosure for this purchase can be found here. 1.65% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $34,711,000. Willis Investment Counsel purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $4,245,000. Thrivent Financial for Lutherans boosted its position in Healthcare Realty Trust by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 81,712 shares of the real estate investment trust’s stock valued at $2,477,000 after buying an additional 1,740 shares during the period. United Capital Financial Advisers LLC boosted its position in Healthcare Realty Trust by 20.6% in the fourth quarter. United Capital Financial Advisers LLC now owns 8,361 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 1,431 shares during the period. Finally, Franklin Resources Inc. boosted its position in Healthcare Realty Trust by 29.9% in the fourth quarter. Franklin Resources Inc. now owns 33,105 shares of the real estate investment trust’s stock valued at $1,004,000 after buying an additional 7,620 shares during the period.
Healthcare Realty Trust Company Profile
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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