Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.14 Average Price Target from Analysts

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have received a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $17.14.

A number of brokerages have issued reports on HR. Wedbush boosted their target price 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. Scotiabank boosted their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st.

Healthcare Realty Trust Stock Performance

Shares of HR opened at $17.82 on Tuesday. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90. The business has a 50-day moving average of $17.83 and a 200 day moving average of $16.69. The firm has a market cap of $6.75 billion, a P/E ratio of -13.40 and a beta of 0.91.

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

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.96%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s payout ratio is -93.23%.

Insider Buying and Selling

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

Institutional Trading of Healthcare Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Healthcare Realty Trust by 38.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 628 shares in the last quarter. Signaturefd LLC raised its position in Healthcare Realty Trust by 3.4% in the 3rd quarter. Signaturefd LLC now owns 24,912 shares of the real estate investment trust’s stock worth $452,000 after purchasing an additional 823 shares during the period. Victory Capital Management Inc. lifted its stake in Healthcare Realty Trust by 1.1% in the second quarter. Victory Capital Management Inc. now owns 81,598 shares of the real estate investment trust’s stock worth $1,345,000 after purchasing an additional 848 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Healthcare Realty Trust by 1.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,654 shares of the real estate investment trust’s stock valued at $1,098,000 after buying an additional 929 shares during the period. Finally, Presima Securities ULC grew its stake in shares of Healthcare Realty Trust by 0.9% during the third quarter. Presima Securities ULC now owns 120,098 shares of the real estate investment trust’s stock valued at $2,180,000 after buying an additional 1,100 shares during the last quarter.

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.