Healthcare Realty Trust (NYSE:HR) Downgraded to Sell Rating by StockNews.com

Healthcare Realty Trust (NYSE:HR) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, December 20th. Scotiabank dropped their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their target price on Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Finally, Wedbush reissued an “outperform” rating and set a $16.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Healthcare Realty Trust currently has an average rating of “Hold” and a consensus target price of $17.00.

Healthcare Realty Trust Trading Down 0.0 %

HR stock opened at $16.76 on Thursday. The firm has a 50 day moving average of $16.66 and a 200-day moving average of $17.23. The company has a market cap of $5.88 billion, a price-to-earnings ratio of -9.41 and a beta of 0.97. Healthcare Realty Trust has a 12-month low of $13.64 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $309.77 million during the quarter, compared to analysts’ expectations of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. Healthcare Realty Trust’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. Sell-side analysts forecast that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in HR. Wealth Enhancement Advisory Services LLC lifted its position in Healthcare Realty Trust by 21.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,501 shares of the real estate investment trust’s stock worth $907,000 after buying an additional 9,467 shares during the period. Comprehensive Money Management Services LLC purchased a new position in shares of Healthcare Realty Trust during the 4th quarter worth about $290,000. Employees Retirement System of Texas purchased a new position in shares of Healthcare Realty Trust during the 4th quarter worth about $3,390,000. AlphaCore Capital LLC acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $375,000. Finally, Mackenzie Financial Corp grew its holdings in Healthcare Realty Trust by 234.9% in the fourth quarter. Mackenzie Financial Corp now owns 56,987 shares of the real estate investment trust’s stock valued at $966,000 after purchasing an additional 39,969 shares during the period.

About Healthcare Realty Trust

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.