Healthcare Realty Trust (HR) Earns Buy Rating from Cantor Fitzgerald

Healthcare Realty Trust (NYSE:HR)‘s stock had its “buy” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research note issued to investors on Wednesday. They currently have a $38.00 target price on the real estate investment trust’s stock. Cantor Fitzgerald’s target price points to a potential upside of 37.18% from the stock’s previous close.

The analysts wrote, “HR reported in-line 4Q17 results and expects more capital recycling in 2018. The company also started a major development in Seattle. 4Q17 revenue was $107.7 million vs. our $111.4 million estimate, and 4Q17 normalized FFO was $0.38 vs. our $0.39 estimate.””

A number of other equities analysts also recently issued reports on HR. SunTrust Banks set a $32.00 price target on Healthcare Realty Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Zacks Investment Research downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. KeyCorp set a $25.00 price target on Healthcare Realty Trust and gave the stock a “sell” rating in a research report on Sunday, October 29th. Mizuho reissued a “hold” rating and issued a $34.00 target price on shares of Healthcare Realty Trust in a research report on Sunday, November 5th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $34.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.00.

Shares of Healthcare Realty Trust (NYSE:HR) traded down $0.51 during mid-day trading on Wednesday, hitting $27.70. The stock had a trading volume of 726,033 shares, compared to its average volume of 849,917. The firm has a market capitalization of $3,535.64, a P/E ratio of 28.56, a PEG ratio of 4.26 and a beta of 0.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.82 and a current ratio of 2.82. Healthcare Realty Trust has a 1-year low of $27.48 and a 1-year high of $36.25.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The business had revenue of $107.70 million for the quarter, compared to analyst estimates of $109.91 million. Healthcare Realty Trust had a return on equity of 6.62% and a net margin of 26.70%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. sell-side analysts forecast that Healthcare Realty Trust will post 1.55 earnings per share for the current year.

In other Healthcare Realty Trust news, EVP Robert E. Hull sold 1,495 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $33.87, for a total value of $50,635.65. Following the sale, the executive vice president now directly owns 94,796 shares of the company’s stock, valued at $3,210,740.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John M. Bryant, Jr. sold 6,638 shares of the company’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $32.38, for a total transaction of $214,938.44. Following the completion of the sale, the executive vice president now directly owns 176,812 shares in the company, valued at $5,725,172.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,847 shares of company stock worth $551,491. 1.85% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of HR. Deutsche Bank AG boosted its holdings in Healthcare Realty Trust by 59.8% in the fourth quarter. Deutsche Bank AG now owns 5,088,632 shares of the real estate investment trust’s stock valued at $163,441,000 after purchasing an additional 1,905,183 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Healthcare Realty Trust by 138.6% in the fourth quarter. Schroder Investment Management Group now owns 1,142,129 shares of the real estate investment trust’s stock valued at $36,685,000 after purchasing an additional 663,463 shares during the last quarter. BlackRock Inc. boosted its holdings in Healthcare Realty Trust by 4.1% in the fourth quarter. BlackRock Inc. now owns 16,875,873 shares of the real estate investment trust’s stock valued at $542,051,000 after purchasing an additional 661,764 shares during the last quarter. American Century Companies Inc. purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at $18,639,000. Finally, Barings LLC purchased a new stake in Healthcare Realty Trust in the third quarter valued at $17,330,000. 93.24% of the stock is currently owned by institutional investors.

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About Healthcare Realty Trust

Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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