Healthcare Realty Trust Inc (NYSE:HR) Shares In 2024: Bullish Prospects

Healthcare Realty Trust Inc (NYSE:HR) price on Friday, August 02, rose 0.91% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.66.

A look at the stock’s price movement, the level at last check in today’s session was $17.50. Turning to its 52-week performance, $19.92 and $12.77 were the 52-week high and 52-week low respectively. Overall, HR moved 5.56% over the past month.

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Healthcare Realty Trust Inc’s market cap currently stands at around $6.69 billion. The company has a Forward Dividend ratio of 1.24, with its dividend yield at 7.02%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Analysts have a consensus estimate of 320.63M for the company’s revenue for the quarter, with a low and high estimate of 312.66M and 325.9M respectively. The average forecast suggests down to a -3.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.3B, representing a -3.50% decline on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that HR is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

HR’s current price about 0.52% and 5.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.36, while 7-day volatility ratio is 2.54% and 2.00% in the 30-day chart. Further, Healthcare Realty Trust Inc (HR) has a beta value of 0.88, and an average true range (ATR) of 0.39.

If we refocus on Healthcare Realty Trust Inc (NYSE:HR), historical trading data shows that trading volumes averaged 3.69 million over the past 3 months. The company’s latest data on shares outstanding shows there are 380.96 million shares.

The 0.59% of Healthcare Realty Trust Inc’s shares are in the hands of company insiders while institutional holders own 104.94% of the company’s shares. Current price change has pushed the stock 2.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HR stock continues to rise going into the next quarter.

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