Healthcare Realty Trust (NYSE:HR) Upgraded by Wall Street Zen to Hold Rating

Healthcare Realty Trust (NYSE:HR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Wednesday.

Several other research analysts have also recently issued reports on HR. Scotiabank cut their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company cut their price target on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Finally, Wedbush reduced their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $17.00.

Healthcare Realty Trust Trading Up 0.2%

Shares of Healthcare Realty Trust stock traded up $0.04 on Wednesday, reaching $14.37. 1,926,931 shares of the stock were exchanged, compared to its average volume of 3,170,842. The firm has a market capitalization of $5.05 billion, a PE ratio of -8.07 and a beta of 0.92. Healthcare Realty Trust has a 1-year low of $14.25 and a 1-year high of $18.90. The business has a fifty day moving average price of $15.61 and a two-hundred day moving average price of $16.50.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. The company had revenue of $288.86 million for the quarter, compared to analyst estimates of $297.39 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. Research analysts expect that Healthcare Realty Trust will post 1.59 EPS for the current year.

Insider Activity at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the transaction, the director now directly owns 56,502 shares of the company's stock, valued at approximately $831,144.42. This trade represents a 4.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in shares of Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 612 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Healthcare Realty Trust by 16.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 695 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Healthcare Realty Trust by 6.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 706 shares during the last quarter. Peak Financial Advisors LLC grew its holdings in shares of Healthcare Realty Trust by 6.8% during the first quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust's stock worth $193,000 after buying an additional 728 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Healthcare Realty Trust by 4.8% in the fourth quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust's stock valued at $281,000 after buying an additional 756 shares during the last quarter.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.