Healthcare Realty Trust (NYSE:HR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Healthcare Realty Trust (NYSE:HR) from a sell rating to a hold rating in a research report report published on Tuesday morning.

A number of other research firms also recently commented on HR. Wells Fargo & Company cut 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 report on Monday, March 10th. JPMorgan Chase & Co. lowered Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Friday, December 20th. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. Scotiabank dropped their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Finally, Wedbush reaffirmed an “outperform” rating and set a $16.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.00.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR opened at $16.74 on Tuesday. Healthcare Realty Trust has a 1 year low of $13.28 and a 1 year high of $18.90. The stock’s fifty day moving average price is $16.61 and its 200-day moving average price is $17.28. The company has a market cap of $5.87 billion, a P/E ratio of -9.40 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $303.81 million. During the same quarter last year, the firm posted $0.39 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, 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 business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.41%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is presently -69.66%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its holdings in Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 925 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 612 shares in the last quarter. Synergy Investment Management LLC bought a new position in shares of Healthcare Realty Trust in the fourth quarter worth approximately $36,000. Lazard Asset Management LLC purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter worth $45,000. Finally, Jones Financial Companies Lllp raised its position in shares of Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,249 shares during the period.

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.