Healthcare Realty Trust (NYSE:HR) Price Target Raised to $16.00 at Scotiabank

Healthcare Realty Trust (NYSE:HR - Get Free Report) had its price target upped by stock analysts at Scotiabank from $15.00 to $16.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. Scotiabank's target price suggests a potential downside of 0.34% from the company's current price.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating for the company in a research note on Wednesday, March 6th. Wells Fargo & Company lowered their price objective on Healthcare Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 10th. Stifel Nicolaus lowered Healthcare Realty Trust from a "buy" rating to a "hold" rating and cut their target price for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a "hold" rating and a $18.00 target price for the company. Finally, Wedbush increased their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a "neutral" rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $17.20.

Healthcare Realty Trust Stock Down 1.1 %

HR traded down $0.18 during midday trading on Thursday, hitting $16.06. 3,724,716 shares of the company were exchanged, compared to its average volume of 3,498,394. The firm's 50 day moving average price is $14.20 and its 200-day moving average price is $15.12. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $20.25. The firm has a market capitalization of $6.12 billion, a P/E ratio of -12.07 and a beta of 0.78.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.51). The company had revenue of $330.40 million during the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative return on equity of 7.22% and a negative net margin of 37.53%. Healthcare Realty Trust's revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, sell-side analysts predict that Healthcare Realty Trust will post 1.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Healthcare Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in HR. Provence Wealth Management Group bought a new position in Healthcare Realty Trust during the 3rd quarter valued at $25,000. Lindbrook Capital LLC lifted its position in shares of Healthcare Realty Trust by 106.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 954 shares in the last quarter. Quent Capital LLC boosted its holdings in Healthcare Realty Trust by 47.4% during the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 622 shares during the last quarter. Muzinich & Co. Inc. grew its position in Healthcare Realty Trust by 98.1% in the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Quarry LP purchased a new stake in Healthcare Realty Trust in the 4th quarter valued at about $39,000.

About Healthcare Realty Trust

Healthcare Realty NYSE: HR is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.