Healthcare Realty Trust Incorporated (NYSE:HR) Given Average Rating of “Hold” by Analysts

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have received an average recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $17.20.

HR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Healthcare Realty Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Stifel Nicolaus cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Wedbush cut shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Finally, Wells Fargo & Company decreased their price target on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th.

Healthcare Realty Trust Stock Performance

HR opened at $14.25 on Tuesday. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $20.32. The firm’s fifty day moving average is $13.83 and its 200 day moving average is $15.08. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of -19.26 and a beta of 0.79.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The firm had revenue of $330.40 million for the quarter, compared to analysts’ expectations of $334.32 million. During the same quarter last year, the firm posted $0.42 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts predict that Healthcare Realty Trust will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were issued a $0.31 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.70%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -167.57%.

Institutional Trading of Healthcare Realty Trust

Large investors have recently made changes to their positions in the business. AE Wealth Management LLC grew its holdings in Healthcare Realty Trust by 3.3% during the 3rd quarter. AE Wealth Management LLC now owns 38,313 shares of the real estate investment trust’s stock valued at $585,000 after purchasing an additional 1,238 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Healthcare Realty Trust by 87.7% during the 3rd quarter. Global Retirement Partners LLC now owns 4,797 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 2,242 shares during the last quarter. Presima Securities ULC grew its holdings in Healthcare Realty Trust by 34.7% during the 3rd quarter. Presima Securities ULC now owns 86,500 shares of the real estate investment trust’s stock valued at $1,321,000 after purchasing an additional 22,300 shares during the last quarter. Country Club Bank GFN grew its holdings in Healthcare Realty Trust by 83.9% during the 3rd quarter. Country Club Bank GFN now owns 285,793 shares of the real estate investment trust’s stock valued at $4,304,000 after purchasing an additional 130,381 shares during the last quarter. Finally, HGK Asset Management Inc. grew its holdings in Healthcare Realty Trust by 14.1% during the 3rd quarter. HGK Asset Management Inc. now owns 28,676 shares of the real estate investment trust’s stock valued at $438,000 after purchasing an additional 3,535 shares during the last quarter.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.