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

Healthcare Realty Trust (NYSE:HR) had its target price decreased by Wells Fargo & Company from $17.00 to $16.00 in a research report report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the real estate investment trust’s stock.

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

Healthcare Realty Trust Trading Down 0.8 %

Shares of Healthcare Realty Trust stock opened at $16.32 on Monday. The firm has a market capitalization of $5.72 billion, a PE ratio of -9.17 and a beta of 0.97. Healthcare Realty Trust has a twelve month low of $12.77 and a twelve month high of $18.90. The firm’s 50-day moving average price is $16.59 and its 200 day moving average price is $17.32.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $309.77 million for the quarter, compared to analyst estimates 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 business’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. On average, sell-side analysts predict that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date is Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is currently -69.66%.

Insiders Place Their Bets

In other news, COO Robert E. Hull sold 10,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total value of $174,800.00. Following the completion of the sale, the chief operating officer now owns 171,400 shares of the company’s stock, valued at $2,996,072. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of large investors have recently added to or reduced their stakes in the company. Starboard Value LP bought a new stake in Healthcare Realty Trust in the 4th quarter valued at about $342,110,000. Norges Bank acquired a new position in Healthcare Realty Trust in the 4th quarter valued at approximately $76,825,000. Rush Island Management LP increased its stake in Healthcare Realty Trust by 21.2% in the 4th quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust’s stock valued at $265,800,000 after buying an additional 2,747,848 shares during the period. Deprince Race & Zollo Inc. bought a new stake in Healthcare Realty Trust in the fourth quarter worth approximately $39,337,000. Finally, Pzena Investment Management LLC bought a new stake in Healthcare Realty Trust in the third quarter worth approximately $40,392,000.

About Healthcare Realty Trust

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.