Healthcare Realty Trust Incorporated [NYSE: HR] plunged by -$0.33 during the normal trading session on Wednesday and reaching a high of $21.46 during the day while it closed the day at $21.11. The company report on January 24, 2023 that Healthcare Realty Trust Announces Fourth Quarter Earnings Release Date and Conference Call.
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On Wednesday, March 1, 2023, at 11:00 a.m. Central Time, Healthcare Realty Trust expects to hold a conference call to discuss earnings results, quarterly activities, general operations of the Company and industry trends. Simultaneously, a webcast of the conference call will be available to interested parties at www.healthcarerealty.com under the Investor Relations section. A webcast replay will be available following the call at the same address.
Healthcare Realty Trust Incorporated stock has also gained 0.91% of its value over the past 7 days. However, HR stock has inclined by 11.75% in the 3 months of the year. Over the past six months meanwhile, it has lost -13.98% and gained 9.55% year-on date.
The market cap for HR stock reached $7.95 billion, with 380.57 million shares outstanding and 379.64 million shares in the current float. Compared to the average trading volume of 2.76M shares, HR reached a trading volume of 2778998 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Healthcare Realty Trust Incorporated [HR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HR shares is $23.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HR stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Healthcare Realty Trust Incorporated shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 14, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price from $27 to $28. The new note on the price target was released on September 19, 2022, representing the official price target for Healthcare Realty Trust Incorporated stock. Previously, the target price had yet another raise to $30, while SMBC Nikko analysts kept a Outperform rating on HR stock.
The Average True Range (ATR) for Healthcare Realty Trust Incorporated is set at 0.48, with the Price to Sales ratio for HR stock in the period of the last 12 months amounting to 10.05. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 0.15.
HR stock trade performance evaluation
Healthcare Realty Trust Incorporated [HR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.91. With this latest performance, HR shares gained by 13.37% in over the last four-week period, additionally sinking by -13.98% over the last 6 months – not to mention a drop of -20.44% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HR stock in for the last two-week period is set at 59.57, with the RSI for the last a single of trading hit 59.14, and the three-weeks RSI is set at 57.65 for Healthcare Realty Trust Incorporated [HR]. The present Moving Average for the last 50 days of trading for this stock 19.92, while it was recorded at 21.24 for the last single week of trading, and 24.40 for the last 200 days.
Healthcare Realty Trust Incorporated [HR]: Insider Ownership positions
There are presently around $7,875 million, in the hands of institutional investors. The top three institutional holders of HR stocks are: VANGUARD GROUP INC with ownership of 54,590,406, which is approximately 0.669% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 43,770,019 shares of the stock with an approximate value of $923.99 million in HR stocks shares; and COHEN & STEERS, INC., currently with $746.93 million in HR stock with ownership of nearly 80.099% of the company’s market capitalization.
236 institutional holders increased their position in Healthcare Realty Trust Incorporated [NYSE:HR] by around 67,702,588 shares. Additionally, 253 investors decreased positions by around 69,411,566 shares, while 44 investors held positions by with 235,908,401 shares. The mentioned changes placed institutional holdings at 373,022,555 shares, according to the latest SEC report filing. HR stock had 65 new institutional investments in for a total of 3,447,584 shares, while 132 institutional investors sold positions of 31,981,513 shares during the same period.