Healthcare Realty Trust Inc (HR) was Upgraded by BMO Capital Markets to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 33 from a previous price target of $31 . Earlier the firm had a rating of “Market Perform ” on the company shares. BMO Capital Markets advised their Clients and Investors in a research report released on Mar 15, 2017.
Based on several research reports , Healthcare Realty Trust Inc was Initiated by Jefferies to “Buy” on Dec 16, 2016.
Several company insiders have filed Insider transactions , on Mar 6, 2017, Nancy H Agee (director) purchased 2,310 shares at $32.18 per share price. According to the SEC, on Mar 2, 2017, John Knox Singleton (director) purchased 15,773 shares at $31.88 per share price. On Feb 27, 2017, Bruce D Sullivan (director) sold 3,000 shares at $32.28 per share price, according to the Form-4 filing with the securities and exchange commission.
On the company’s financial health, Healthcare Realty Trust Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 15, 2017. Analyst had a consensus of $0.40. The company had revenue of $105.30 million for the quarter, compared to analysts expectations of $106.03 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Healthcare Realty Trust Inc opened for trading at $31.09 and hit $31.38 on the upside on Friday, eventually ending the session at $31.16, with a gain of 0.39% or 0.12 points. The heightened volatility saw the trading volume jump to 10,66,050 shares. Company has a market cap of $3,628 M.
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.