Healthcare Realty Trust (NYSE:HR) Price Target Raised to $19.00

Healthcare Realty Trust (NYSE:HR) had its price objective lifted by stock analysts at Wells Fargo & Company from $18.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 4.48% from the company’s previous close.

Several other equities analysts also recently weighed in on the company. Wall Street Zen upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup raised their price objective on Healthcare Realty Trust from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Cantor Fitzgerald initiated coverage on shares of Healthcare Realty Trust in a research note on Wednesday, October 1st. They set an “overweight” rating and a $23.00 target price on the stock. Royal Bank Of Canada assumed coverage on shares of Healthcare Realty Trust in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $19.00 target price for the company. Finally, Scotiabank raised shares of Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $18.00 to $20.00 in a research note on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.89.

Healthcare Realty Trust Trading Up 1.3%

HR traded up $0.23 during midday trading on Tuesday, hitting $18.19. 429,020 shares of the company traded hands, compared to its average volume of 3,316,200. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of -15.81 and a beta of 0.95. Healthcare Realty Trust has a 52-week low of $14.09 and a 52-week high of $18.97. The business has a 50 day simple moving average of $18.05 and a two-hundred day simple moving average of $16.69.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. The business had revenue of $297.77 million during the quarter, compared to analysts’ expectations of $291.10 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. Equities research analysts anticipate that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Insider Buying and Selling at Healthcare Realty Trust

In related news, EVP Julie F. Wilson sold 15,000 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $270,000.00. Following the completion of the sale, the executive vice president owned 113,419 shares of the company’s stock, valued at approximately $2,041,542. This represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wiser Advisor Group LLC purchased a new stake in shares of Healthcare Realty Trust in the 3rd quarter valued at approximately $25,000. Smartleaf Asset Management LLC raised its position in shares of Healthcare Realty Trust by 179.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 1,033 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at approximately $32,000. SVB Wealth LLC acquired a new position in Healthcare Realty Trust in the first quarter valued at approximately $35,000. Finally, Anchor Investment Management LLC purchased a new position in Healthcare Realty Trust in the first quarter worth approximately $38,000.

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.