Healthcare Realty Trust Inc (NYSE:HR) shares traded -0.25% lower at $16.23 on Wall Street last session.
HR stock price is now 15.19% away from the 50-day moving average and 4.86% away from the 200-day moving average. The market capitalization of the company currently stands at $6.14B.
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With the price target reduced from $19 to $15, Wedbush Downgraded its rating from Outperform to Neutral for Healthcare Realty Trust Inc (NYSE: HR). On February 20, 2024, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $19 to quote $15, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Hull Robert E, EVP – Investments sold 25,394 shares of the company’s stock on Dec 19 ’23. The stock was sold for $431,952 at an average price of $17.01. Upon completion of the transaction, the EVP – Investments now directly owns 169,257 shares in the company, valued at $2.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15 ’23, EVP – Operations Wilson Julie F. sold 4,100 shares of the business’s stock. A total of $70,930 was realized by selling the stock at an average price of $17.30. This leaves the insider owning 116,233 shares of the company worth $1.89 million. A total of 0.57% of the company’s stock is owned by insiders.
During the past 12 months, Healthcare Realty Trust Inc has had a low of $12.77 and a high of $20.30.
According to the REIT – Healthcare Facilities Company, earnings per share came in at -0.22, missing analysts’ expectations of -0.13 by -0.09. This compares to -$0.23 EPS in the same period last year. The net profit margin was -37.87% and return on equity was -7.36% for HR. The company reported revenue of $326.81 million for the quarter, compared to $332.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.84 percent. For the current quarter, analysts expect HR to generate $329.1M in revenue.
Healthcare Realty Trust Inc(HR) Company Profile
Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty’s portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.
