Healthcare Realty Trust (NYSE:HR) Lowered to Hold at Berenberg Bank

Berenberg Bank cut shares of Healthcare Realty Trust (NYSE:HR – Get Rating) from a buy rating to a hold rating in a report published on Tuesday morning, The Fly reports. They currently have $32.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $35.00.

Other analysts also recently issued research reports about the company. Barclays assumed coverage on Healthcare Realty Trust in a research note on Tuesday, April 26th. They issued an overweight rating and a $33.00 target price on the stock. Credit Suisse Group assumed coverage on Healthcare Realty Trust in a research note on Tuesday, February 1st. They issued an outperform rating on the stock. Zacks Investment Research upgraded Healthcare Realty Trust from a sell rating to a hold rating in a research note on Tuesday, April 19th. Finally, StockNews.com began coverage on Healthcare Realty Trust in a research note on Thursday, March 31st. They issued a sell rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average price target of $33.40.

Healthcare Realty Trust stock opened at $28.56 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.33 and a current ratio of 0.33. The business’s 50-day simple moving average is $27.97 and its two-hundred day simple moving average is $30.11. The company has a market cap of $4.33 billion, a PE ratio of 51.00 and a beta of 0.61. Healthcare Realty Trust has a fifty-two week low of $25.60 and a fifty-two week high of $33.77.

Healthcare Realty Trust (NYSE:HR – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.17). The firm had revenue of $142.90 million for the quarter, compared to analysts’ expectations of $144.30 million. Healthcare Realty Trust had a net margin of 15.50% and a return on equity of 3.94%. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, analysts predict that Healthcare Realty Trust will post 1.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Monday, May 16th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.34%. Healthcare Realty Trust’s payout ratio is currently 221.43%.

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Healthcare Realty Trust by 2.7% during the first quarter. Vanguard Group Inc. now owns 22,207,069 shares of the real estate investment trust’s stock valued at $610,251,000 after acquiring an additional 585,270 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Healthcare Realty Trust by 4.9% in the fourth quarter. BlackRock Inc. now owns 21,845,046 shares of the real estate investment trust’s stock valued at $691,177,000 after purchasing an additional 1,029,853 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Healthcare Realty Trust by 16.0% in the fourth quarter. Principal Financial Group Inc. now owns 11,715,612 shares of the real estate investment trust’s stock valued at $370,535,000 after purchasing an additional 1,614,865 shares during the last quarter. State Street Corp increased its holdings in shares of Healthcare Realty Trust by 7.6% in the fourth quarter. State Street Corp now owns 7,914,239 shares of the real estate investment trust’s stock valued at $250,407,000 after purchasing an additional 558,682 shares during the last quarter. Finally, Nuance Investments LLC increased its holdings in shares of Healthcare Realty Trust by 55.7% in the first quarter. Nuance Investments LLC now owns 7,453,407 shares of the real estate investment trust’s stock valued at $204,820,000 after purchasing an additional 2,667,613 shares during the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.

About Healthcare Realty Trust (Get Rating)

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 September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.

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