Healthcare Realty Trust (NYSE:HR) Upgraded by Wedbush to Hold Rating

Healthcare Realty Trust (NYSE:HR - Get Free Report) was upgraded by equities research analysts at Wedbush from a "strong sell" rating to a "hold" rating in a research note issued on Monday, April 7th,Zacks.com reports.

A number of other research firms also recently commented on HR. Scotiabank dropped their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and cut their price target for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. StockNews.com cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 target price for the company. in a research note on Friday, December 20th. Finally, Wells Fargo & Company reduced their target price 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. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $17.00.

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Healthcare Realty Trust Price Performance

Shares of HR traded up $0.29 during trading hours on Monday, reaching $15.69. 702,753 shares of the company's stock traded hands, compared to its average volume of 3,299,219. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of -8.81 and a beta of 0.85. The business's fifty day simple moving average is $16.46 and its two-hundred day simple moving average is $17.02. Healthcare Realty Trust has a twelve month low of $13.64 and a twelve month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The company had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. During the same period in the prior year, the business posted $0.39 EPS. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts expect that Healthcare Realty Trust will post 1.59 EPS for the current year.

Institutional Investors Weigh In On Healthcare Realty Trust

Large investors have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 925 shares during the period. Smartleaf Asset Management LLC grew its holdings 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 buying an additional 612 shares in the last quarter. Synergy Investment Management LLC acquired a new position in Healthcare Realty Trust during the fourth quarter valued at $36,000. Lazard Asset Management LLC purchased a new stake in Healthcare Realty Trust in the 4th quarter worth about $45,000. Finally, UMB Bank n.a. boosted its position in Healthcare Realty Trust by 73.3% during the 1st quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 1,279 shares during the period.

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.