Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.30 Average Target Price from Brokerages

Healthcare Realty Trust Incorporated (NYSE:HRGet Free Report) has received a consensus rating 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 assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.30.

A number of research firms recently issued reports on HR. Deutsche Bank Aktiengesellschaft began 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. cut their target price on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Wedbush lowered shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $15.00 in a research note on Tuesday, February 20th. Finally, Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th.

View Our Latest Research Report on Healthcare Realty Trust

Hedge Funds Weigh In On Healthcare Realty Trust

Several institutional investors have recently bought and sold shares of the company. HighPoint Advisor Group LLC purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $273,000. Creekmur Asset Management LLC acquired a new position in shares of Healthcare Realty Trust in the fourth quarter worth $85,000. Quarry LP purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth $39,000. FIL Ltd raised its stake in shares of Healthcare Realty Trust by 69.9% in the fourth quarter. FIL Ltd now owns 455,560 shares of the real estate investment trust’s stock valued at $7,849,000 after acquiring an additional 187,369 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Healthcare Realty Trust by 85.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 74,000 shares of the real estate investment trust’s stock valued at $1,275,000 after purchasing an additional 34,000 shares during the period.

Healthcare Realty Trust Price Performance

Shares of HR opened at $14.15 on Friday. The firm has a market capitalization of $5.39 billion, a PE ratio of -19.12 and a beta of 0.79. The company’s fifty day moving average price is $14.51 and its 200-day moving average price is $15.25. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $20.32.

Healthcare Realty Trust (NYSE:HRGet Free Report) last issued its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.51). The company had revenue of $330.40 million during the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. As a group, research analysts anticipate that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 8.76%. The ex-dividend date of this dividend was Friday, February 23rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -167.57%.

About Healthcare Realty Trust

(Get Free Report

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.

Further Reading

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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