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

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have received an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.40.

HR has been the topic of a number of research analyst reports. Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Friday, December 20th. Finally, Wedbush restated an “outperform” rating and set a $16.00 price target on shares of Healthcare Realty Trust in a research report on Thursday.

Insider Buying and Selling

In related news, COO Robert E. Hull sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total transaction of $174,800.00. Following the completion of the sale, the chief operating officer now directly owns 171,400 shares of the company’s stock, valued at $2,996,072. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HR. Smartleaf Asset Management LLC grew its holdings in shares of Healthcare Realty Trust by 59.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 612 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Healthcare Realty Trust by 6.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 706 shares during the period. ProShare Advisors LLC increased its stake in Healthcare Realty Trust by 4.8% in the 4th quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 756 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Healthcare Realty Trust by 1.1% during the 4th quarter. Pacer Advisors Inc. now owns 70,776 shares of the real estate investment trust’s stock worth $1,200,000 after buying an additional 786 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in Healthcare Realty Trust by 4.1% during the fourth quarter. Park Avenue Securities LLC now owns 20,193 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 793 shares in the last quarter.

Healthcare Realty Trust Price Performance

Shares of NYSE HR opened at $16.50 on Monday. The firm has a market capitalization of $5.85 billion, a PE ratio of -9.27 and a beta of 0.94. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $18.90. The business’s fifty day moving average price is $16.65 and its two-hundred day moving average price is $17.40.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $309.77 million for the quarter, compared to analyst estimates of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. Healthcare Realty Trust’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. Equities research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 7.52%. Healthcare Realty Trust’s dividend payout ratio is currently -69.66%.

Healthcare Realty Trust Company Profile

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.