Healthcare Reaches New 52-Week High (HR)

NEW YORK ( TheStreet) -- Healthcare Realty (NYSE: HR) hit a new 52-week high Tuesday as it is currently trading at $23.49, above its previous 52-week high of $23.40 with 122,573 shares traded as of 10:50 a.m. ET. Average volume has been 735,200 shares over the past 30 days.

Healthcare has a market cap of $1.8 billion and is part of the financial sector and real estate industry. Shares are up 24.6% year to date as of the close of trading on Monday.

Acquires existing healthcare facilities, provides property management, leasing and build-to-suit development services, and owns a portfolio of healthcare properties in the U.S. At Dec. 31, 2005, had investments of apx. $1.8 billion in 234 income-producing real estate properties and mortgages. The company has a P/E ratio of 329.4, above the average real estate industry P/E ratio of 192.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Healthcare as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and solid stock price performance. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Healthcare Ratings Report.

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