Healthcare Realty Trust (NYSE:HR) Posts Earnings Results, Meets Estimates

Healthcare Realty Trust (NYSE:HR) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40, Zacks reports. Healthcare Realty Trust had a negative return on equity of 7.32% and a negative net margin of 30.51%.

Healthcare Realty Trust Trading Up 0.7%

Shares of Healthcare Realty Trust stock traded up $0.12 during mid-day trading on Thursday, hitting $17.51. 7,634,881 shares of the stock were exchanged, compared to its average volume of 3,754,269. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of -16.52 and a beta of 0.97. Healthcare Realty Trust has a twelve month low of $14.09 and a twelve month high of $18.97. The company has a 50-day simple moving average of $17.03 and a 200 day simple moving average of $17.44.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Healthcare Realty Trust in a report on Monday, December 29th. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Wells Fargo & Company raised their price objective on shares of 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. Finally, Citigroup lifted their price objective on Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Healthcare Realty Trust currently has a consensus rating of “Hold” and an average price target of $19.13.

Hedge Funds Weigh In On Healthcare Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Boothbay Fund Management LLC boosted its stake in Healthcare Realty Trust by 15.8% in the 2nd quarter. Boothbay Fund Management LLC now owns 19,017 shares of the real estate investment trust’s stock worth $302,000 after buying an additional 2,590 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Healthcare Realty Trust by 12.0% during the 3rd quarter. NewEdge Advisors LLC now owns 16,045 shares of the real estate investment trust’s stock valued at $289,000 after acquiring an additional 1,717 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Healthcare Realty Trust during the 2nd quarter worth about $219,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Healthcare Realty Trust during the 1st quarter worth about $205,000. Finally, Empowered Funds LLC acquired a new stake in shares of Healthcare Realty Trust in the first quarter worth approximately $202,000.

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.