Analyst action: Tractor Supply, LP, Healthcare Realty
Posted on September 22, 2009 at 11:40 amThomas Weisel Partners analyst Christian Buss has initiated coverage of Tractor Supply with a ‘market weight’ rating and target of $51. Shares of the Brentwood-based retailer (Ticker: TSCO) are down a bit today, but up more than 30 percent in 2009.
Over at Oppenheimer, analyst Mark Biffert has begun covering shares of Healthcare Realty (Ticker: HR) and its peers with ‘perform’ ratings. Biffert sees the Nashville-based company growing per-share funds from operations 8 percent in 2010 but sees “limited near-term acquisition opportunities until pricing improves.”
And at Barclays Capital, Peter Ruschmeier has reiterated his rating of Louisiana-Pacific at ‘overweight’ but lowered his price target to $7 from $7.50. LP shares (Ticker: LPX) are stoutly ignoring that info, rising more than 3 percent to $7.49 this morning.
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Analyst action: Healthcare Realty, LP
Posted on August 12, 2009 at 8:12 amMorgan Keegan has raised its opinion of Healthcare Realty to ‘outperform’ from ‘market perform.’ The Nashville-based REIT (Ticker: HR) earlier this week reported better-than-expected Q2 results. The stock is up about 1 percent in pre-market trading.
Over at Goldman Sachs, analyst Joe Stivaletti has lowered his rating of Louisiana-Pacific to ‘neutral’ after its recent run. The stock (Ticker: LPX) is set to open down about 3 percent.
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Fitch: Healthcare Realty solid, but refis will have impact
Posted on July 28, 2009 at 1:38 pmCredit ratings group Fitch has affirmed its ratings of Healthcare Realty and affiliates and says there’s a lot to like about the company’s portfolio. But, it warns, the company will have to pay more when it refinances its unsecured credit line. For details on the company’s credit situation, click here and search for ‘January 2006.’
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Welcome to the 600
Posted on July 10, 2009 at 7:08 amStandard & Poor’s announced late yesterday that Healthcare Realty Trust has been added to its S&P SmallCap 600
Healthcare Realty Trust Inc. will replace Wabash National Corp. in the S&P SmallCap 600 after the close of trading on Thursday, July 16. As of today’s close of trading Wabash had a market capitalization below $19 million, ranking it 600th in the index.
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Healthcare Realty outlook downgraded
Posted on June 11, 2009 at 11:47 amWhile it has affirmed its credit ratings and says the medical office market remains stable, Fitch says the potential for Healthcare Realty to use secured debt to pay down its unsecured credit line may lead to a downgrade. Shares of Healthcare Realty (Ticker: HR) are off about 1 percent today.
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Morgan Stanley slashes Healthcare Realty stake
Posted on May 13, 2009 at 10:07 pmThe Wall Street powerhouse sold more than 3 million shares of the Nashville-based REIT during the first four months of the year. Morgan Stanley stake in Healthcare Realty (Ticker: HR) now stands at 9.4 percent, down from more than 15 percent at year-end 2008.
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Healthcare Realty FFO up 29%
Posted on May 12, 2009 at 7:08 amThe Nashville-based health care REIT posts a first-quarter profit of $20.9 million, more than triple last year’s number. Excluding gains from the sale of a number of properties, the company (Ticker: HR) grew earnings from continuing operations 57 percent to $7.8 million. Funds from operations, a common tool used to measure REITs’ performance, rose 29 percent to $25.1 million.
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Local health care names bounce
Posted on February 24, 2009 at 10:19 am
HealthSpring, Healthcare Realty Trust and Community Health Systems are seeing nice gains this morning after taking a beating yesterday. Not following their lead is LifePoint, whose gains are more in line with the Dow Jones Health Care Index.
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Healthcare Realty hits earnings mark
Posted on February 23, 2009 at 5:35 pmNashville-based real estate investment trust Healthcare Realty Trust posted fourth-quarter funds from operations of $28.6 million. Excluding certain one-time items, FFO came in at 38 cents per diluted share, meeting analysts’ expectations. Revenues for the quarter rose 13 percent to $57.1 million.
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Tallying the local damage
Posted on January 20, 2009 at 4:04 pmOn a day when the stock market “started with a quick burst of selling pressure and the situation only deteriorated from there,” nine Middle Tennessee companies lost 9 percent or more.
And things aren’t looking much better. Historically, Bob O’Brien at Barron’s points out that equity markets’ bad inauguration days lead to bad first years. Fundamentally, the news is just as sour.
The session proved discouraging because it revealed the ferocity with which investors are inclined to greet eanings disappointments and accompanying commentary. With the earnings-reporting campaign just getting underway, there’s a lot more bad news ahead for this market.
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Analyst action: Healthcare Realty, First Horizon
Posted on at 12:09 pmFrom the Journal’s Markets Data Center: Robert W. Baird has lifted Healthcare Realty (Ticker: HR) to ‘neutral’ from ‘underperform’ and put a $19 price target on the stock. Uh, they closed at $19.14 on Friday.
Meanwhile, Friedman Billings has lowered its target on the shares of First Horizon (Ticker: FHN) from $10 to $8. The parent of First Tennessee is up about 2 percent on another day that looks to end with the major indices well in the red.
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Analyst action: Healthways, Healthcare Realty
Posted on January 9, 2009 at 4:38 pmFrom the Wall Street Journal’s Markets Data Center come two more analyst moves on Healthways. (Jefferies earlier in the day upgraded the shares.) Stifel Nicolaus has lowered its price target on Healthways from $25 to $20 but kept its ‘buy’ rating, while Noble Financial has begun covering the company (Ticker: HWAY) with a ‘buy’ rating.
Also, UBS has launched coverage of Healthcare Realty Trust (Ticker: HR) with a ‘neutral’ recommendation and a $20 price target.
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