Healthcare Realty Trust Inc (NYSE:HR) price on Friday, October 25, fall -2.26% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.70.
A look at the stock’s price movement, the close in the last trading session was $18.11, moving within a range at $17.67 and $18.275. The beta value (5-Year monthly) was 0.762. Turning to its 52-week performance, $18.90 and $12.77 were the 52-week high and 52-week low respectively. Overall, HR moved -1.99% over the past month.
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Healthcare Realty Trust Inc’s market cap currently stands at around $6.43 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-30. The company has a Forward Dividend ratio of 1.24, with its dividend yield at 7.01%. 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 307.44M for the company’s revenue for the quarter, with a low and high estimate of 302.2M and 314M respectively. The average forecast suggests down to a -10.20% 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 1.25B, representing a -6.60% 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 Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend HR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HR’s current price about -0.12% and -0.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.36, while 7-day volatility ratio is 2.21% and 1.75% 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 0.35. Analysts have given the company’s stock an average 52-week price target of $19, forecast between a low of $16 and high of $22. Looking at the price targets, the low is 9.6% off current price level while to achieve the yearly target high, price needs to move -24.29%. Nonetheless, investors will most likely welcome a -7.34% jump to $19 which is the analysts’ median price.
If we refocus on Healthcare Realty Trust Inc (NYSE:HR), historical trading data shows that trading volumes averaged 2.02 over the past 10 days and 3.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 380.96 million shares.
The 0.80% of Healthcare Realty Trust Inc’s shares are in the hands of company insiders while institutional holders own 107.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.0 million on 2024-09-30, giving us a short ratio of 3.04. The data shows that as of 2024-09-30 short interest in Healthcare Realty Trust Inc (HR) stood at 655.0000000000001 of shares outstanding, with shares short falling to 15.34 million registered in 2024-08-30. Current price change has pushed the stock 2.73% 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.
