Last Updated: 19 Sep 2024
Executive Summary
Healthcare Realty Trust Incorporated (HR) is a real estate investment trust (REIT) that specializes in outpatient healthcare properties. The company has a portfolio of over 1,000 properties located in 45 states. HR has a strong track record of growth and profitability, and its stock has outperformed the S&P 500 index over the past five years.
The latest stock price for HR is $18.03. The company has a market capitalization of $6.6 billion and a dividend yield of 0.0682%.
Company Overview
HR was founded in 1992 and is headquartered in Scottsdale, Arizona. The company's portfolio of properties includes medical office buildings, ambulatory surgery centers, and other healthcare-related facilities. HR's tenants are primarily physicians, dentists, and other healthcare providers.
The company's strategy is to acquire and develop high-quality healthcare properties in growing markets. HR also focuses on providing excellent customer service to its tenants.
Fundamental Analysis
HR's financial performance has been strong in recent years. The company's revenue has grown by an average of 5% per year over the past five years. HR's net income has also grown by an average of 5% per year over the same period.
The company's balance sheet is also strong. HR has a low level of debt and a high level of cash flow. This gives the company the flexibility to invest in new properties and to weather economic downturns.
Technical Analysis
The technical analysis of HR's stock price shows that the stock is in a bullish trend. The stock price has been trading above its 50-day and 200-day moving averages for the past several months. This indicates that the stock is likely to continue to rise in the short term.
Short Term Outlook
The short-term outlook for HR is positive. The company's financial performance is strong, and the stock price is in a bullish trend. Investors should consider buying HR stock for the short term.
Long Term Outlook
The long-term outlook for HR is also positive. The company's portfolio of properties is well-positioned to benefit from the growing demand for healthcare services. HR is also well-managed and has a strong track record of growth. Investors should consider buying HR stock for the long term.
Analyst Recommendations
The majority of analysts who cover HR have a buy rating on the stock. The average analyst target price for HR is $18.31. This indicates that analysts believe that the stock is undervalued and has the potential to rise in the future.
