Brokerages Set Healthcare Realty Trust Incorporated (NYSE:HR) Price Target at $17.14

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been given a consensus rating of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.14.

HR has been the subject of a number of research analyst reports. Scotiabank upped their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Wells Fargo & Company reiterated an “underweight” rating and set a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. Finally, Wedbush increased their price target on shares of 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 Trading Down 1.1 %

NYSE:HR opened at $17.99 on Tuesday. The firm has a market capitalization of $6.81 billion, a PE ratio of -13.53 and a beta of 0.91. Healthcare Realty Trust has a 1 year low of $12.77 and a 1 year high of $18.90. The firm’s fifty day simple moving average is $17.82 and its 200 day simple moving average is $16.62.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.77). Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The business had revenue of $316.30 million during the quarter, compared to analyst estimates of $317.90 million. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts anticipate that Healthcare Realty Trust will post 1.55 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -93.23%.

Insider Activity

In other Healthcare Realty Trust news, Director John Knox Singleton bought 6,500 shares of the firm’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 transaction, the director now owns 57,082 shares in the company, valued at approximately $1,041,175.68. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Thomas N. Bohjalian purchased 9,000 shares of the stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the transaction, the director now directly owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Knox Singleton acquired 6,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $18.24 per share, with a total value of $118,560.00. Following the completion of the acquisition, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 15,728 shares of company stock worth $279,069. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of hedge funds have recently made changes to their positions in HR. Allspring Global Investments Holdings LLC grew its stake in Healthcare Realty Trust by 38.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 628 shares during the last quarter. Quarry LP bought a new stake in Healthcare Realty Trust during the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC increased its holdings in Healthcare Realty Trust by 260.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,030 shares in the last quarter. GAMMA Investing LLC raised its position in Healthcare Realty Trust by 67.2% in the 2nd quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock valued at $92,000 after purchasing an additional 2,238 shares during the last quarter. Finally, Trust Point Inc. acquired a new position in Healthcare Realty Trust in the third quarter worth $182,000.

Healthcare Realty Trust Company Profile

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.