Healthcare Realty Trust Incorporated (NYSE:HR) Receives $18.89 Average PT from Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.8889.

HR has been the topic of a number of analyst reports. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Scotiabank upgraded Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $18.00 to $20.00 in a research report on Friday, September 5th. Royal Bank Of Canada began coverage on Healthcare Realty Trust in a report on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 price objective on the stock. Raymond James Financial downgraded Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Healthcare Realty Trust in a research report on Monday, December 15th.

Healthcare Realty Trust Stock Down 1.3%

NYSE HR opened at $16.85 on Friday. The company has a market cap of $5.93 billion, a PE ratio of -15.90 and a beta of 0.96. Healthcare Realty Trust has a 52 week low of $14.09 and a 52 week high of $18.97. The firm’s 50-day simple moving average is $17.91 and its two-hundred day simple moving average is $17.06.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 30.51% and a negative return on equity of 7.32%. The firm had revenue of $297.77 million during the quarter, compared to the consensus estimate of $291.10 million. During the same quarter last year, the company earned $0.39 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. As a group, equities research analysts anticipate that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Tuesday, November 11th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Monday, November 10th. Healthcare Realty Trust’s dividend payout ratio is -90.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HR. Rush Island Management LP boosted its holdings in shares of Healthcare Realty Trust by 13.8% in the 2nd quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock worth $226,166,000 after purchasing an additional 1,728,491 shares in the last quarter. APG Asset Management US Inc. lifted its position in Healthcare Realty Trust by 2.0% in the 3rd quarter. APG Asset Management US Inc. now owns 12,086,673 shares of the real estate investment trust’s stock worth $222,032,000 after buying an additional 231,650 shares during the last quarter. Invesco Ltd. boosted its stake in Healthcare Realty Trust by 233.8% in the third quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after buying an additional 5,393,651 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Healthcare Realty Trust by 15.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,859,453 shares of the real estate investment trust’s stock valued at $108,791,000 after acquiring an additional 893,938 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Healthcare Realty Trust by 11.2% during the second quarter. JPMorgan Chase & Co. now owns 6,794,815 shares of the real estate investment trust’s stock valued at $107,766,000 after acquiring an additional 683,211 shares during the last quarter.

About Healthcare Realty Trust

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.