Healthcare Realty Trust Inc (HR) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 34 from a previous price target of $31 . Stifel advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Healthcare Realty Trust Inc. Mizuho Downgraded Healthcare Realty Trust Inc on Feb 22, 2016 to ” Neutral”, Price Target of the shares are set at $29.Company shares were Reiterated by RBC Capital Mkts on Feb 19, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .
On the company’s financial health, Healthcare Realty Trust Inc reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.42. The company had revenue of $100.00 million for the quarter, compared to analysts expectations of $100.47 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.
Healthcare Realty Trust Inc opened for trading at $30.74 and hit $31.31 on the upside on Wednesday, eventually ending the session at $31.1, with a gain of 0.75% or 0.23 points. The heightened volatility saw the trading volume jump to 9,86,783 shares. Company has a market cap of $3,179 M.
In a different news, on Mar 14, 2016, B Douglas Ii Whitman (Executive V.P. – Corp Finance) sold 2,200 shares at $29.72 per share price. According to the SEC, on Mar 9, 2016, Todd J Meredith (Executive V.P. – Investments) sold 7,000 shares at $29.55 per share price. On Mar 9, 2016, Bruce D Sullivan (director) sold 2,500 shares at $29.70 per share price, according to the Form-4 filing with the securities and exchange commission.
Healthcare Realty Trust Incorporated (Healthcare Realty) is a self-managed and self-administered real estate investment trust. The Company owns manages finances and develops income-producing real estate properties associated with the delivery of outpatient healthcare services throughout the United States. The Company provides property management services to approximately 9 million square feet across the nation. The Company has investments of approximately $3 billion in over 199 real estate properties mortgages land held for development and corporate property. The Company’s 198 owned real estate properties are located in 30 states and total approximately 14.2 million square feet. The Company’s real estate portfolio is leased to a tenant base and has approximately 144 leases with this tenant in 22 buildings throughout north and central Texas including buildings at eight different hospital campuses.