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

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $17.00.

Several brokerages recently weighed in on HR. Scotiabank decreased their price objective on 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. Wells Fargo & Company reduced their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. StockNews.com upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Friday, December 20th. Finally, Wedbush restated an “outperform” rating and set a $16.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, February 20th.

Healthcare Realty Trust Stock Down 0.3 %

HR opened at $16.74 on Friday. Healthcare Realty Trust has a twelve month low of $13.28 and a twelve month high of $18.90. The company’s 50-day moving average price is $16.61 and its two-hundred day moving average price is $17.28. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of -9.40 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS 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 business had revenue of $309.77 million for the quarter, compared to the consensus estimate of $303.81 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. Healthcare Realty Trust’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.41%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -69.66%.

Institutional Investors Weigh In On Healthcare Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Atria Investments Inc raised its holdings in shares of Healthcare Realty Trust by 29.5% in the 3rd quarter. Atria Investments Inc now owns 88,054 shares of the real estate investment trust’s stock valued at $1,598,000 after acquiring an additional 20,064 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Healthcare Realty Trust in the third quarter valued at approximately $1,107,000. KBC Group NV lifted its position in Healthcare Realty Trust by 16.5% during the third quarter. KBC Group NV now owns 11,451 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 1,625 shares during the last quarter. Metis Global Partners LLC grew its stake in Healthcare Realty Trust by 25.0% in the 3rd quarter. Metis Global Partners LLC now owns 37,375 shares of the real estate investment trust’s stock worth $678,000 after buying an additional 7,472 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Healthcare Realty Trust by 2,471.4% in the 3rd quarter. Quest Partners LLC now owns 221,348 shares of the real estate investment trust’s stock worth $4,017,000 after buying an additional 212,740 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.