Healthcare Realty Trust Incorporated (NYSE:HR) Given Average Rating of “Hold” by Analysts

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.20.

A number of equities analysts have weighed in on HR shares. JPMorgan Chase & Co. cut their price target on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 target price on the stock. Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. Finally, Wells Fargo & Company reduced their price objective on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th.

Institutional Trading of Healthcare Realty Trust

Several large investors have recently bought and sold shares of HR. Provence Wealth Management Group acquired a new position in shares of Healthcare Realty Trust during the third quarter worth $25,000. Lindbrook Capital LLC increased its stake in Healthcare Realty Trust by 106.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 954 shares during the period. Quent Capital LLC lifted its holdings in Healthcare Realty Trust by 47.4% in the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 622 shares in the last quarter. Legacy Financial Group LLC purchased a new position in Healthcare Realty Trust in the 3rd quarter valued at about $34,000. Finally, Muzinich & Co. Inc. grew its stake in shares of Healthcare Realty Trust by 98.1% during the fourth quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,079 shares in the last quarter.

Healthcare Realty Trust Stock Performance

HR stock opened at $14.24 on Tuesday. The company has a 50 day moving average price of $13.76 and a two-hundred day moving average price of $15.07. The stock has a market capitalization of $5.43 billion, a P/E ratio of -19.24 and a beta of 0.79. Healthcare Realty Trust has a one year low of $12.77 and a one year high of $20.32.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.51). The business had revenue of $330.40 million for the quarter, compared to analysts’ expectations of $334.32 million. Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 earnings per share. Research analysts forecast that Healthcare Realty Trust will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.71%. The ex-dividend date of this dividend was Friday, February 23rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -167.57%.

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.