Healthcare Realty Trust (NYSE:HR) Stock Gets Price Target Increase from UBS Group

Key Points

• UBS raised its price target on Healthcare Realty Trust from $18 to $20 but maintained a neutral rating; the new target implies about 4% upside from the cited share price.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a $21.55 average price target, with five Buy ratings and seven Hold ratings.
• In its latest quarter, the company reported a loss of $0.05 per share, missing the $0.41 consensus estimate, while revenue of $286.64 million exceeded expectations but fell 3.4% year over year.

Healthcare Realty Trust (NYSE:HR - Get Free Report) had its target price lifted by equities research analysts at UBS Group from $18.00 to $20.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the real estate investment trust's stock. UBS Group's target price would suggest a potential upside of 3.97% from the stock's current price.

Several other equities research analysts have also issued reports on HR. Weiss Ratings restated a "hold (c-)" rating on shares of Healthcare Realty Trust in a research note on Wednesday, October 28th. Wells Fargo & Company reduced their price objective on Healthcare Realty Trust from $20.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, October 19th. Cantor Fitzgerald raised their target price on Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Jefferies Financial Group began coverage on Healthcare Realty Trust in a research note on Tuesday, September 15th. They issued a "hold" rating and a $20.00 target price on the stock. Finally, Deutsche Bank upgraded Healthcare Realty Trust from a "hold" rating to a "buy" rating and boosted their target price for the company from $18.00 to $23.00 in a research note on Tuesday, October 20th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Healthcare Realty Trust currently has an average rating of "Hold" and an average target price of $21.55.

Healthcare Realty Trust Trading Down 0.6%

Healthcare Realty Trust stock traded down $0.11 during trading on Wednesday, hitting $19.24. 4,535,116 shares of the company were exchanged, compared to its average volume of 4,147,299. Healthcare Realty Trust has a 52 week low of $16.31 and a 52 week high of $22.04. The company has a market capitalization of $6.51 billion, a P/E ratio of -137.40 and a beta of 0.92. The business's 50 day moving average is $18.18 and its 200 day moving average is $18.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.46). The business had revenue of $286.64 million during the quarter, compared to the consensus estimate of $275.27 million. Healthcare Realty Trust had a negative net margin of 3.96% and a negative return on equity of 1.02%. The firm's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. Equities analysts expect that Healthcare Realty Trust will post 1.66 EPS for the current year.

Insider Activity at Healthcare Realty Trust

In related news, COO Robert Hull sold 21,000 shares of the company's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $19.11, for a total transaction of $401,310.00. Following the sale, the chief operating officer directly owned 276,338 shares in the company, valued at approximately $5,280,819.18. This represents a 7.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company's stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp lifted its holdings in Healthcare Realty Trust by 1,293.6% during the 1st quarter. Fifth Third Bancorp now owns 295,660 shares of the real estate investment trust's stock worth $5,023,000 after purchasing an additional 274,445 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Healthcare Realty Trust in the 3rd quarter worth about $3,502,000. Edgestream Partners L.P. purchased a new position in Healthcare Realty Trust during the 1st quarter valued at about $6,490,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Healthcare Realty Trust during the 2nd quarter valued at about $3,070,000. Finally, NEOS Investment Management LLC purchased a new position in Healthcare Realty Trust during the 2nd quarter valued at about $2,214,000.

About Healthcare Realty Trust

Healthcare Realty Trust Incorporated is a real estate investment trust that owns, leases, and operates healthcare properties, with a focus on outpatient medical buildings. Its tenants include health systems, physician groups, and other healthcare providers. The company's activities include leasing and managing medical office space, as well as acquiring and developing properties. Many of its buildings are located near hospitals or other healthcare campuses, supporting providers' outpatient services.

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