Brokerages Set Healthcare Realty Trust Incorporated (NYSE:HR) PT at $17.00

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $17.00.

HR has been the topic of a number of analyst reports. Wedbush increased their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Scotiabank lifted their price objective on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company cut shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $17.00 to $16.00 in a research note on Tuesday, July 30th.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 9,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were purchased at an average price of $17.39 per share, with a total value of $156,510.00. Following the completion of the transaction, the director now owns 22,252 shares in the company, valued at $386,962.28. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

Institutional investors have recently modified their holdings of the company. Muzinich & Co. Inc. raised its position in shares of Healthcare Realty Trust by 98.1% in the fourth quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,079 shares during the period. Allspring Global Investments Holdings LLC increased its position 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 acquiring an additional 628 shares during the period. Quarry LP bought a new position in Healthcare Realty Trust during the fourth quarter worth $39,000. International Assets Investment Management LLC bought a new position in Healthcare Realty Trust during the fourth quarter worth $45,000. Finally, Principal Securities Inc. bought a new position in Healthcare Realty Trust during the fourth quarter worth $45,000.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock opened at $17.80 on Monday. The firm’s 50-day moving average is $17.41 and its 200-day moving average is $15.64. Healthcare Realty Trust has a 1 year low of $12.77 and a 1 year high of $18.33. The company has a market cap of $6.46 billion, a P/E ratio of -13.38 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The business had revenue of $316.30 million during the quarter, compared to the consensus estimate of $317.90 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Healthcare Realty Trust will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors 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 6.97%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio is currently -93.23%.

About Healthcare Realty Trust

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.