JMP Securities Downgrades Healthcare Realty Trust Inc to Underperform

Brokerage firm JMP Securities Downgrades its rating on Healthcare Realty Trust Inc(NYSE:HR). The shares have been rated Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by JMP Securities was issued on Jun 22, 2016.

Healthcare Realty Trust Inc (HR) made into the market gainers list on Mondays trading session with the shares advancing 1.95% or 0.66 points. Due to strong positive momentum, the stock ended at $34.48, which is also near the day’s high of $34.5799. The stock began the session at $33.77 and the volume stood at 7,99,742 shares. The 52-week high of the shares is $34.5799 and the 52 week low is $22.01. The company has a current market capitalization of $3,614 M and it has 10,48,13,383 shares in outstanding.

Healthcare Realty Trust Inc(HR) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $100.02M. Analysts had an estimated revenue of $99.29M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Amanda L Callaway (SVP & Chief Accounting Officer) sold 1,173 shares at $33.50 per share price.Also, On Mar 14, 2016, B Douglas Ii Whitman (Executive V.P. – Corp Finance) sold 2,200 shares at $29.72 per share price.On Mar 9, 2016, Todd J Meredith (Executive V.P. – Investments) sold 7,000 shares at $29.55 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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