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

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been given a consensus recommendation of “Hold” by the five brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.40.

A number of equities research analysts recently commented on HR shares. Wedbush restated an “outperform” rating and issued a $16.00 price objective on shares of Healthcare Realty Trust in a research report on Thursday. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Friday, December 20th. Finally, Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd.

Healthcare Realty Trust Stock Down 0.5 %

HR stock opened at $16.50 on Monday. The business has a 50 day moving average price of $16.65 and a 200 day moving average price of $17.40. The stock has a market cap of $5.85 billion, a price-to-earnings ratio of -9.27 and a beta of 0.94. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results 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. The business had revenue of $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. As a group, sell-side analysts anticipate that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.52%. The ex-dividend date is Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -69.66%.

Insider Buying and Selling

In other news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $17.21 per share, for a total transaction of $172,100.00. Following the completion of the purchase, the director now directly owns 26,576 shares of the company’s stock, valued at $457,372.96. This represents a 60.33 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors have recently made changes to their positions in the company. CWM LLC boosted its holdings in Healthcare Realty Trust by 27.4% in the third quarter. CWM LLC now owns 23,068 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 4,965 shares during the period. Creative Planning lifted its position in shares of Healthcare Realty Trust by 23.4% in the 3rd quarter. Creative Planning now owns 126,633 shares of the real estate investment trust’s stock worth $2,298,000 after buying an additional 23,981 shares during the last quarter. Trust Point Inc. bought a new position in shares of Healthcare Realty Trust in the 3rd quarter worth about $182,000. Signaturefd LLC boosted its holdings in shares of 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 valued at $452,000 after buying an additional 823 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Healthcare Realty Trust by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust’s stock valued at $551,000 after buying an additional 1,062 shares during the last quarter.

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.