Healthcare Realty (HR) Gets a Hold Rating from Wells Fargo

By Jason Carr

Wells Fargo analyst Todd Stender maintained a Hold rating on Healthcare Realty (HRResearch Report) yesterday. The company’s shares closed last Tuesday at $28.94.

According to TipRanks.com, Stender is a 3-star analyst with an average return of 2.1% and a 52.5% success rate. Stender covers the Financial sector, focusing on stocks such as Diversified Healthcare Trust, National Storage Affiliates, and National Retail Properties.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Healthcare Realty with a $32.71 average price target.

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Based on Healthcare Realty’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $119 million and net profit of $27.21 million. In comparison, last year the company earned revenue of $111 million and had a net profit of $16.32 million.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HR in relation to earlier this year.

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Healthcare Realty Trust, Inc. is a real estate investment trust. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R. Emery in 1992 and is headquartered in Nashville, TN.