SunTrust Banks set a $30.00 price objective on Healthcare Realty Trust (NYSE:HR) in a report published on Thursday morning. The firm currently has a hold rating on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Healthcare Realty Trust’s Q1 2019 earnings at $0.42 EPS, Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.44 EPS and FY2020 earnings at $1.81 EPS.
HR has been the topic of several other research reports. Zacks Investment Research upgraded Healthcare Realty Trust from a sell rating to a hold rating in a research note on Monday, October 30th. Mizuho restated a hold rating and set a $35.00 price objective on shares of Healthcare Realty Trust in a research note on Friday, October 27th. BMO Capital Markets cut Healthcare Realty Trust from an outperform rating to a market perform rating and set a $33.00 price objective on the stock. in a research note on Tuesday, January 9th. KeyCorp set a $25.00 price objective on Healthcare Realty Trust and gave the company a sell rating in a research note on Sunday, October 29th. Finally, Morgan Stanley restated an overweight rating and set a $34.00 price objective on shares of Healthcare Realty Trust in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and an average target price of $32.13.
Healthcare Realty Trust (HR) opened at $27.98 on Thursday. The company has a quick ratio of 2.82, a current ratio of 0.09 and a debt-to-equity ratio of 0.72. Healthcare Realty Trust has a one year low of $27.48 and a one year high of $36.25. The company has a market capitalization of $3,501.53, a PE ratio of 133.24, a P/E/G ratio of 4.23 and a beta of 0.20.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). Healthcare Realty Trust had a net margin of 5.44% and a return on equity of 1.33%. The firm had revenue of $107.70 million for the quarter, compared to analyst estimates of $109.91 million. During the same quarter in the previous year, the company earned $0.41 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. analysts forecast that Healthcare Realty Trust will post 1.65 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Thursday, February 22nd. Healthcare Realty Trust’s payout ratio is 571.43%.
In other news, insider Todd J. Meredith sold 4,720 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $32.77, for a total transaction of $154,674.40. Following the sale, the insider now directly owns 414,981 shares in the company, valued at approximately $13,598,927.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John M. Bryant, Jr. sold 6,638 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $32.38, for a total value of $214,938.44. Following the sale, the executive vice president now owns 176,812 shares in the company, valued at $5,725,172.56. The disclosure for this sale can be found here. Insiders have sold a total of 16,847 shares of company stock worth $551,491 over the last quarter. Insiders own 1.85% of the company’s stock.
Several institutional investors have recently made changes to their positions in HR. PNC Financial Services Group Inc. raised its position in shares of Healthcare Realty Trust by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 72 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Healthcare Realty Trust by 2.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 102,839 shares of the real estate investment trust’s stock worth $3,512,000 after purchasing an additional 2,165 shares during the period. Voya Investment Management LLC raised its position in shares of Healthcare Realty Trust by 16.6% during the 2nd quarter. Voya Investment Management LLC now owns 54,407 shares of the real estate investment trust’s stock worth $1,858,000 after purchasing an additional 7,746 shares during the period. Stifel Financial Corp raised its position in shares of Healthcare Realty Trust by 22.5% during the 2nd quarter. Stifel Financial Corp now owns 11,823 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 2,175 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of Healthcare Realty Trust during the 2nd quarter worth approximately $12,297,000. Institutional investors and hedge funds own 93.24% of the company’s stock.
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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