Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.00 Consensus PT from Brokerages

Healthcare Realty Trust Incorporated (NYSE:HR) has earned a consensus rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $17.00.

HR has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Friday, December 20th. StockNews.com downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. Wedbush restated an “outperform” rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. Finally, Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd.

Insider Transactions at Healthcare Realty Trust

In other news, COO Robert E. Hull sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the sale, the chief operating officer now directly owns 171,400 shares in the company, valued at approximately $2,996,072. This represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Institutional Trading of Healthcare Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its position in shares of Healthcare Realty Trust by 59.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 612 shares during the period. Blue Trust Inc. grew its holdings in Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 925 shares in the last quarter. Synergy Investment Management LLC bought a new position in Healthcare Realty Trust in the 4th quarter worth approximately $36,000. Lazard Asset Management LLC bought a new position in Healthcare Realty Trust in the 4th quarter worth approximately $45,000. Finally, Jones Financial Companies Lllp grew its holdings in Healthcare Realty Trust by 68.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,249 shares in the last quarter.

Healthcare Realty Trust Stock Performance

Shares of HR opened at $16.65 on Friday. The company has a market capitalization of $5.84 billion, a P/E ratio of -9.35 and a beta of 0.97. Healthcare Realty Trust has a one year low of $12.91 and a one year high of $18.90. The stock has a 50-day moving average price of $16.58 and a 200 day moving average price of $17.30.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. Healthcare Realty Trust’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. As a group, equities research analysts forecast that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.45%. The ex-dividend date is Monday, March 3rd. Healthcare Realty Trust’s payout ratio is currently -69.66%.

About Healthcare Realty Trust

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.