Healthcare Realty Trust (HR) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Healthcare Realty Trust (NYSE:HR) from a hold rating to a sell rating in a research report report published on Saturday, Zacks.com reports.

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. “

A number of other equities research analysts have also recently weighed in on HR. TheStreet raised Healthcare Realty Trust from a c rating to a b- rating in a report on Thursday, February 14th. Morgan Stanley set a $31.00 price target on Healthcare Realty Trust and gave the company a hold rating in a report on Thursday, March 28th. ValuEngine raised Healthcare Realty Trust from a hold rating to a buy rating in a report on Thursday, January 17th. Finally, Raymond James raised Healthcare Realty Trust from an underperform rating to a market perform rating in a report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $30.25.

Shares of NYSE HR opened at $31.68 on Friday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.78. Healthcare Realty Trust has a 52-week low of $26.09 and a 52-week high of $32.98. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 6.43 and a beta of 0.52.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.27). Healthcare Realty Trust had a return on equity of 3.99% and a net margin of 15.49%. The business had revenue of $113.17 million during the quarter, compared to the consensus estimate of $114.17 million. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, analysts anticipate that Healthcare Realty Trust will post 1.6 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Healthcare Realty Trust by 1.0% during the third quarter. Vanguard Group Inc. now owns 18,462,720 shares of the real estate investment trust’s stock valued at $540,219,000 after buying an additional 182,166 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Healthcare Realty Trust by 1.0% during the third quarter. Vanguard Group Inc now owns 18,462,720 shares of the real estate investment trust’s stock valued at $540,219,000 after buying an additional 182,166 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Healthcare Realty Trust by 1.8% during the fourth quarter. BlackRock Inc. now owns 18,411,389 shares of the real estate investment trust’s stock valued at $523,620,000 after buying an additional 330,144 shares during the last quarter. FMR LLC raised its holdings in shares of Healthcare Realty Trust by 0.3% during the fourth quarter. FMR LLC now owns 5,780,858 shares of the real estate investment trust’s stock valued at $164,408,000 after buying an additional 15,399 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Healthcare Realty Trust by 16.9% during the fourth quarter. Victory Capital Management Inc. now owns 2,595,890 shares of the real estate investment trust’s stock valued at $73,827,000 after buying an additional 374,425 shares during the last quarter. 97.65% of the stock is currently owned by institutional investors.

Healthcare Realty Trust Company Profile

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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