Healthcare Realty Trust (NYSE:HR) had its price target raised by Morgan Stanley from $31.00 to $33.00 in a research report report published on Tuesday, AnalystRatings.com reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

Several other equities analysts also recently weighed in on the company. Citigroup initiated coverage on Healthcare Realty Trust in a research report on Thursday, June 20th. They set a neutral rating and a $34.00 target price on the stock. Capital One Financial reaffirmed an equal weight rating on shares of Healthcare Realty Trust in a report on Thursday, August 1st. Berenberg Bank started coverage on Healthcare Realty Trust in a research note on Thursday, September 12th. They set a buy rating on the stock. Zacks Investment Research cut Healthcare Realty Trust from a hold rating to a sell rating in a research note on Wednesday, July 17th. Finally, ValuEngine lowered Healthcare Realty Trust from a buy rating to a hold rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $33.25.

NYSE HR opened at $33.16 on Tuesday. Healthcare Realty Trust has a fifty-two week low of $26.98 and a fifty-two week high of $33.89. The stock has a market cap of $4.29 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 9.57 and a beta of 0.33. The stock has a 50 day simple moving average of $32.92 and a two-hundred day simple moving average of $32.12. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.13 and a current ratio of 0.13.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.37). Healthcare Realty Trust had a net margin of 7.08% and a return on equity of 1.83%. The company had revenue of $116.32 million for the quarter, compared to the consensus estimate of $114.50 million. During the same period last year, the business earned $0.40 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts predict that Healthcare Realty Trust will post 1.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Wednesday, August 14th. Healthcare Realty Trust’s payout ratio is currently 76.43%.

Institutional investors have recently modified their holdings of the stock. Berman Capital Advisors LLC increased its holdings in shares of Healthcare Realty Trust by 71.7% during the 1st quarter. Berman Capital Advisors LLC now owns 812 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 339 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Healthcare Realty Trust by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 23,170 shares of the real estate investment trust’s stock worth $726,000 after acquiring an additional 340 shares in the last quarter. Virginia Retirement Systems ET AL raised its stake in Healthcare Realty Trust by 1.5% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 32,800 shares of the real estate investment trust’s stock worth $1,027,000 after acquiring an additional 500 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Healthcare Realty Trust by 4.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,505 shares of the real estate investment trust’s stock worth $705,000 after acquiring an additional 1,020 shares in the last quarter. Finally, Providence Capital Advisors LLC increased its stake in Healthcare Realty Trust by 2.6% in the second quarter. Providence Capital Advisors LLC now owns 40,685 shares of the real estate investment trust’s stock valued at $1,274,000 after purchasing an additional 1,024 shares during the period. 96.66% of the stock is currently owned by hedge funds and other institutional investors.

About Healthcare Realty Trust

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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