Healthcare Realty Trust (NYSE:HR) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Healthcare Realty Trust (NYSE:HR) from a hold rating to a sell rating in a research note published on Wednesday.

Several other analysts also recently issued reports on HR. Wedbush reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Healthcare Realty Trust in a report on Thursday, February 20th. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, December 20th. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. Finally, Scotiabank reduced their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.20.

Healthcare Realty Trust Trading Up 0.6 %

HR stock opened at $16.73 on Wednesday. The company has a market cap of $5.87 billion, a P/E ratio of -9.40 and a beta of 0.94. Healthcare Realty Trust has a 52 week low of $12.77 and a 52 week high of $18.90. The company’s 50-day moving average price is $16.62 and its 200 day moving average price is $17.35.

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

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date is Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is presently -69.66%.

Insider Activity

In other news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $17.21 per share, with a total value of $172,100.00. Following the completion of the transaction, the director now directly owns 26,576 shares in the company, valued at approximately $457,372.96. This represents a 60.33 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of institutional investors have recently modified their holdings of HR. Wealth Enhancement Advisory Services LLC increased its position in Healthcare Realty Trust by 5.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 44,034 shares of the real estate investment trust’s stock worth $799,000 after purchasing an additional 2,446 shares during the last quarter. US Bancorp DE increased its position in Healthcare Realty Trust by 15.1% during the third quarter. US Bancorp DE now owns 18,899 shares of the real estate investment trust’s stock worth $343,000 after purchasing an additional 2,475 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Healthcare Realty Trust during the third quarter worth approximately $89,000. Van ECK Associates Corp increased its position in Healthcare Realty Trust by 8.9% during the third quarter. Van ECK Associates Corp now owns 166,676 shares of the real estate investment trust’s stock worth $3,040,000 after purchasing an additional 13,592 shares during the last quarter. Finally, Atria Investments Inc increased its position in Healthcare Realty Trust by 29.5% during the third quarter. Atria Investments Inc now owns 88,054 shares of the real estate investment trust’s stock worth $1,598,000 after purchasing an additional 20,064 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.