Wells Fargo & Company Cuts Healthcare Realty Trust (NYSE:HR) Price Target to $16.00

Healthcare Realty Trust (NYSE:HR) had its target price reduced by equities researchers at Wells Fargo & Company from $17.00 to $16.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 6.66% from the company’s previous close.

Several other equities research analysts have also recently weighed in on HR. Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. StockNews.com cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lowered Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Friday, December 20th. Scotiabank reduced their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Finally, Wedbush restated an “outperform” rating and issued a $16.00 price target on shares of Healthcare Realty Trust in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Healthcare Realty Trust currently has an average rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR traded up $0.35 on Monday, hitting $17.14. 96,938 shares of the company’s stock were exchanged, compared to its average volume of 2,433,154. Healthcare Realty Trust has a 12 month low of $12.77 and a 12 month high of $18.90. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of -9.63 and a beta of 0.97. The business’s 50 day simple moving average is $16.61 and its two-hundred day simple moving average is $17.34.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm had revenue of $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. During the same period in the previous year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts forecast that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Insider Transactions at Healthcare Realty Trust

In other news, COO Robert E. Hull sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC grew its holdings in shares of Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 612 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Healthcare Realty Trust by 6.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 706 shares during the period. ProShare Advisors LLC boosted its holdings 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 valued at $281,000 after purchasing an additional 756 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Healthcare Realty Trust by 1.1% in the 4th quarter. Pacer Advisors Inc. now owns 70,776 shares of the real estate investment trust’s stock valued at $1,200,000 after purchasing an additional 786 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Healthcare Realty Trust by 4.1% in the 4th 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 during the period.

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.