Healthcare Realty Trust (NYSE:HR) Price Target Raised to $18.00 at Wedbush

Healthcare Realty Trust (NYSE:HR) had its price objective upped by research analysts at Wedbush from $15.00 to $18.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Wedbush’s target price would indicate a potential upside of 2.86% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Scotiabank boosted their target price on Healthcare Realty Trust from $16.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 9th. Wells Fargo & Company cut shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $17.00 to $16.00 in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.60.

Healthcare Realty Trust Trading Down 2.1 %

HR stock traded down $0.37 during midday trading on Monday, hitting $17.50. The company’s stock had a trading volume of 3,574,133 shares, compared to its average volume of 3,553,902. Healthcare Realty Trust has a 12 month low of $12.77 and a 12 month high of $19.88. The firm’s 50-day moving average is $16.84 and its 200-day moving average is $15.43. The company has a market cap of $6.62 billion, a PE ratio of -13.16 and a beta of 0.89.

Hedge Funds Weigh In On Healthcare Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board grew its position in Healthcare Realty Trust by 52.3% in the first quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock worth $154,833,000 after acquiring an additional 3,758,040 shares in the last quarter. Norges Bank bought a new position in shares of Healthcare Realty Trust during the 4th quarter valued at approximately $59,352,000. Waterfront Capital Partners LLC purchased a new stake in Healthcare Realty Trust during the 4th quarter valued at $51,775,000. APG Asset Management US Inc. lifted its position in Healthcare Realty Trust by 12.0% in the fourth quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock worth $216,527,000 after buying an additional 1,348,529 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Healthcare Realty Trust by 1.4% during the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock valued at $767,585,000 after acquiring an additional 723,197 shares during the last quarter.

Healthcare Realty Trust 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.