Healthcare Realty Trust (NYSE:HR) Downgraded to “Sell” Rating by Wall Street Zen

Healthcare Realty Trust (NYSE:HR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Friday.

Several other research analysts have also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Healthcare Realty Trust in a report on Monday, December 29th. Wells Fargo & Company boosted their price objective on Healthcare Realty Trust from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Cantor Fitzgerald started coverage on Healthcare Realty Trust in a report on Wednesday, October 1st. They issued an “overweight” rating and a $23.00 target price for the company. Royal Bank Of Canada started coverage on Healthcare Realty Trust in a report on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 price target on the stock. Finally, Citigroup boosted their price target on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.13.

Healthcare Realty Trust Stock Up 0.7%

Shares of Healthcare Realty Trust stock traded up $0.13 during trading hours on Friday, reaching $17.09. 3,312,025 shares of the company’s stock were exchanged, compared to its average volume of 2,655,783. The business has a fifty day moving average of $17.34 and a two-hundred day moving average of $17.37. The company has a market capitalization of $6.01 billion, a P/E ratio of -16.12 and a beta of 0.96. Healthcare Realty Trust has a 1 year low of $14.09 and a 1 year high of $18.97.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 30.51% and a negative return on equity of 7.32%. The firm had revenue of $297.77 million for the quarter, compared to the consensus estimate of $291.10 million. During the same period last year, the firm posted $0.39 earnings per share. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. As a group, research analysts predict that Healthcare Realty Trust will post 1.59 EPS for the current year.

Institutional Trading of Healthcare Realty Trust

Several institutional investors have recently added to or reduced their stakes in HR. Wiser Advisor Group LLC acquired a new position in Healthcare Realty Trust during the third quarter worth $25,000. Smartleaf Asset Management LLC raised its holdings in shares of Healthcare Realty Trust by 179.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,033 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Healthcare Realty Trust during the 3rd quarter worth about $32,000. Financial Gravity Companies Inc. acquired a new position in Healthcare Realty Trust during the 2nd quarter worth about $45,000. Finally, Danske Bank A S purchased a new position in Healthcare Realty Trust during the 3rd quarter valued at about $47,000.

About Healthcare Realty Trust

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.