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

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

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

Healthcare Realty Trust Stock Down 0.8 %

Shares of Healthcare Realty Trust stock opened at $16.32 on Monday. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $18.90. The company has a 50-day simple moving average of $16.59 and a 200 day simple moving average of $17.32. The stock has a market capitalization of $5.72 billion, a P/E ratio of -9.17 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The company 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 company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, equities analysts anticipate that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.60%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -69.66%.

Insider Activity

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

Hedge Funds Weigh In On Healthcare Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position 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 worth $27,000 after purchasing an additional 612 shares during the period. Blue Trust Inc. boosted its position in Healthcare Realty Trust by 130.3% during the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 925 shares during the period. Synergy Investment Management LLC bought a new position in Healthcare Realty Trust during the fourth quarter worth $36,000. Lazard Asset Management LLC bought a new position in Healthcare Realty Trust during the fourth quarter worth $45,000. Finally, Jones Financial Companies Lllp boosted its position in Healthcare Realty Trust by 68.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $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.