The stock of Healthcare Realty Trust Inc (NYSE: HR) has increased by 0.45 when compared to last closing price of 17.78.Despite this, the company has seen a gain of 3.72% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that Not all REITs are worth buying. Some very popular REITs are today overpriced. I present two of them to avoid and one better alternative.
Is It Worth Investing in Healthcare Realty Trust Inc (NYSE: HR) Right Now?
The 36-month beta value for HR is at 0.89. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 as “hold,” and 2 as “sell.”
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The public float for HR is 351.54M, and currently, shorts hold a 3.94% of that float. The average trading volume for HR on November 12, 2024 was 3.22M shares.
HR’s Market Performance
HR’s stock has seen a 3.72% increase for the week, with a 3.36% rise in the past month and a 0.96% gain in the past quarter. The volatility ratio for the week is 2.99%, and the volatility levels for the past 30 days are at 2.61% for Healthcare Realty Trust Inc The simple moving average for the past 20 days is 0.63% for HR’s stock, with a 10.18% simple moving average for the past 200 days.
Analysts’ Opinion of HR
Many brokerage firms have already submitted their reports for HR stocks, with Wells Fargo repeating the rating for HR by listing it as a “Underweight.” The predicted price for HR in the upcoming period, according to Wells Fargo is $16 based on the research report published on July 30, 2024 of the current year 2024.
Wedbush, on the other hand, stated in their research note that they expect to see HR reach a price target of $15, previously predicting the price at $19. The rating they have provided for HR stocks is “Neutral” according to the report published on February 20th, 2024.
Stifel gave a rating of “Hold” to HR, setting the target price at $15 in the report published on February 20th of the current year.
HR Trading at 0.05% from the 50-Day Moving Average
After a stumble in the market that brought HR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.50% of loss for the given period.
Volatility was left at 2.61%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares surge +2.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.34% upper at present.
During the last 5 trading sessions, HR rose by +3.72%, which changed the moving average for the period of 200-days by +7.40% in comparison to the 20-day moving average, which settled at $17.75. In addition, Healthcare Realty Trust Inc saw 3.66% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HR starting from Douglas J Christopher, who proposed sale 144,831 shares at the price of $18.02 back on Oct 18 ’24. After this action, Douglas J Christopher now owns shares of Healthcare Realty Trust Inc, valued at $2,609,854 using the latest closing price.
Douglas J Christopher, the Officer of Healthcare Realty Trust Inc, proposed sale 64,960 shares at $17.95 during a trade that took place back on Oct 02 ’24, which means that Douglas J Christopher is holding shares at $1,166,032 based on the most recent closing price.
Stock Fundamentals for HR
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.35 for the gross margin
The net margin for Healthcare Realty Trust Inc stands at -0.46. The total capital return value is set at 0.02. Equity return is now at value -9.49, with -4.88 for asset returns.
Based on Healthcare Realty Trust Inc (HR), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 0.96.
Currently, EBITDA for the company is 780.51 million with net debt to EBITDA at 6.87. When we switch over and look at the enterprise to sales, we see a ratio of 8.74.
Conclusion
In conclusion, Healthcare Realty Trust Inc (HR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
