Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.00 Average PT from Analysts

Healthcare Realty Trust Incorporated (NYSE:HR) has earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.00.

Several equities research analysts have recently commented on HR shares. Wells Fargo & Company downgraded Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $17.00 to $16.00 in a report on Tuesday, July 30th. Scotiabank raised their price objective on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Finally, Wedbush lifted their price target on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 5th.

Healthcare Realty Trust Stock Up 0.2 %

NYSE:HR opened at $17.94 on Friday. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90. The firm has a market cap of $6.79 billion, a P/E ratio of -13.49 and a beta of 0.91. The business’s 50-day moving average price is $17.81 and its 200 day moving average price is $16.09.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.77). The business had revenue of $316.30 million for the quarter, compared to analyst estimates of $317.90 million. Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. Sell-side analysts expect that Healthcare Realty Trust will post 1.56 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.91%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio is -93.23%.

Insider Activity at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 9,000 shares of the stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $17.39 per share, with a total value of $156,510.00. Following the acquisition, the director now owns 22,252 shares in the company, valued at approximately $386,962.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Healthcare Realty Trust news, Director John Knox Singleton acquired 6,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas N. Bohjalian bought 9,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average price of $17.39 per share, with a total value of $156,510.00. Following the purchase, the director now owns 22,252 shares in the company, valued at $386,962.28. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 15,728 shares of company stock valued at $279,069. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Several hedge funds have recently modified their holdings of HR. Centersquare Investment Management LLC acquired a new position in Healthcare Realty Trust in the 1st quarter valued at approximately $1,246,000. SG Americas Securities LLC raised its stake in shares of Healthcare Realty Trust by 394.9% in the 1st quarter. SG Americas Securities LLC now owns 388,015 shares of the real estate investment trust’s stock valued at $5,490,000 after buying an additional 309,609 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Healthcare Realty Trust by 1.4% during the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock valued at $767,585,000 after purchasing an additional 723,197 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Healthcare Realty Trust during the 1st quarter worth approximately $719,000. Finally, Tidal Investments LLC acquired a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at $1,360,000.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.