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

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $17.00.

A number of research analysts have recently issued reports on HR shares. Scotiabank reduced their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Wedbush reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price objective on 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. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Friday, December 20th. Finally, StockNews.com raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday.

Healthcare Realty Trust Price Performance

NYSE:HR opened at $16.74 on Friday. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of -9.40 and a beta of 0.97. The business has a 50 day moving average of $16.61 and a 200 day moving average of $17.28. Healthcare Realty Trust has a 1-year low of $13.28 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data 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. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The firm had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. During the same period in the previous year, the business posted $0.39 EPS. The business’s quarterly revenue 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 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

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

Institutional Investors Weigh In On Healthcare Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of HR. Starboard Value LP bought a new position in Healthcare Realty Trust in the fourth quarter worth about $342,110,000. Norges Bank bought a new position in shares of Healthcare Realty Trust in the 4th quarter worth approximately $76,825,000. Rush Island Management LP lifted its stake in shares of 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 purchasing an additional 2,747,848 shares during the period. Deprince Race & Zollo Inc. bought a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $39,337,000. Finally, Pzena Investment Management LLC purchased a new stake in Healthcare Realty Trust in the third quarter worth $40,392,000.

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.