How Morgan Stanley Currently Rates Healthcare Realty (NYSE:HR)
Morgan Stanley have initiated its coverage on Healthcare Realty (NYSE:HR), today Wednesday morning. The broker finds the stock of Healthcare Realty (NYSE:HR) attractive and has given it Overweight rating.
From a total of 7 analysts covering Healthcare Realty Trust (NYSE:HR) stock, 2 rate it a ”Buy”, 3 a “Sell”, and 6 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is $29 while the lowest target price is $23. The mean of all analyst targets is $26.86 with a 2.87% above today’s ($27.22) stock price. Healthcare Realty Trust was the topic of 5 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus downgraded shares on November 6 to “Hold” rating. Stifel Nicolaus upgraded shares to “Buy” rating and $27 target share price in a report from an August 26. Zacks downgraded HR stock in a recent report from August 6 to “Buy” rating.
Approximately 161,762 shares of stock traded hands. Healthcare Realty Trust Inc (NYSE:HR) has risen 9.95% since May 6, 2015 and is uptrending. It has outperformed by 10.75% the S&P500.
The overall sentiment of institutions has decreased to 1.11 in Q2 2015. Its down 0.22, from 1.33 in 2015Q2. The ratio turned negative, as 17 institutions have sold all the shares of Healthcare Realty Trust Inc that they owned while 64 funds have taken shares off the table. 20 funds have purchased shares for the first time while 70 added to their positions. These institutions now hold 110.41 million shares or 11.73% more than the 98.82 million shares they owned in 2015Q2.
The Fund Marble Harbor Investment Counsel Llc currently is holding shares equating to 2.66% of its total portfolio in Healthcare Realty Trust Inc representing a total of 389,374 shares. Another fund,Cbre Clarion Securities Llc, is holding a total of 7.11 million shares equating to 1.46% of their holdings. Additionally, Shinko Asset Management Co. Ltd. has a 4.35 million share stake in Healthcare Realty Trust Inc which represents 1.03% of their total portfolio. The Fund, Investment Counselors Of Maryland Llc, based out of Maryland, has also built up a stake in the stock, which represents a total of 0.93% of their total portfolio. Finally Real Estate Management Services Llc, a fund which is based in the state of Florida reported a total holdings of 231,500 shares.
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The company has a market cap of $2.74 billion. The Firm owns, manages, finances and develops income-producing real estate properties associated with the delivery of outpatient healthcare services throughout the United States. It has 56.18 P/E ratio. The Firm provides property management services to approximately 9 million square feet across the nation.
According to Zacks Investment Research, “Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated with the delivery of healthcare services throughout the United States.” Get a free copy of the Zacks research report on Healthcare Realty Trust Inc (HR).