Healthcare Realty Trust Inc (NYSE:HR) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded Healthcare Realty Trust Inc (NYSE:HR) to Sell in a report released on Tuesday October 11, 2016.
Showing a price of $32.05, Healthcare Realty Trust Inc (NYSE:HR) traded -0.46% lower on the day. With the last close down -2.76% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $33.94 and a 200-day moving average of $33.29. 583,888 shares of the stock traded hands, down from an avg. volume of 696,391
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Healthcare Realty Trust Inc has a price-earnings ratio of 48.68 with a 52 week low of $24.94 and a 52 week high of $36.60 The company’s market cap is currently $0.
Also covering Healthcare Realty Trust Inc's target, a total of 8 brokers have issued a research note on the stock. The consensus target price is $29.38 with one brokerage rating the stock a strong buy, one analyst rating the company a buy, 7 firms rating the company a hold, two brokers rating the stock a underperform, and finally zero brokerages rating the stock a sell.
Brief Synopsis On Healthcare Realty Trust Inc (NYSE:HR)
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust (REIT). The Company owns, acquires, manages, finances and develops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States. It provides property management services for approximately 140 healthcare-related properties, totaling over 9.8 million square feet. The Company's tenant mix includes over 30 physician specialties, as well as surgery, imaging, cancer and diagnostic centers. The Company has approximately two buildings under construction and over two buildings in redevelopment. The Company's tenant leases include Medical office/outpatient, Inpatient and Other. The Company invests in healthcare-related mortgages located in the United States. It also provides management, leasing and development services, and capital for the construction of new facilities, as well as for the acquisition of existing properties.
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