Brokerages Set Healthcare Realty Trust Incorporated (NYSE:HR) Price Target at $17.20

Healthcare Realty Trust Incorporated (NYSE:HR) has earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $17.20.

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Wedbush lowered Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Wells Fargo & Company lowered their price target on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. lowered their price target on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target for the company.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $14.04 on Tuesday. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $20.32. The firm has a market capitalization of $5.35 billion, a PE ratio of -18.97 and a beta of 0.79. The stock has a fifty day simple moving average of $13.77 and a two-hundred day simple moving average of $15.07.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data 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). The firm had revenue of $330.40 million for the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.42 EPS. On average, sell-side analysts forecast that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, February 26th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 8.83%. The ex-dividend date was Friday, February 23rd. Healthcare Realty Trust’s payout ratio is currently -167.57%.

Institutional Trading of Healthcare Realty Trust

Several institutional investors have recently added to or reduced their stakes in HR. AE Wealth Management LLC lifted its stake in Healthcare Realty Trust by 3.3% in the third quarter. AE Wealth Management LLC now owns 38,313 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 1,238 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Healthcare Realty Trust by 87.7% in the third quarter. Global Retirement Partners LLC now owns 4,797 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 2,242 shares during the last quarter. Presima Securities ULC increased its position in shares of Healthcare Realty Trust by 34.7% during the third quarter. Presima Securities ULC now owns 86,500 shares of the real estate investment trust’s stock worth $1,321,000 after acquiring an additional 22,300 shares during the period. Country Club Bank GFN increased its position in shares of Healthcare Realty Trust by 83.9% during the third quarter. Country Club Bank GFN now owns 285,793 shares of the real estate investment trust’s stock worth $4,304,000 after acquiring an additional 130,381 shares during the period. Finally, HGK Asset Management Inc. increased its position in shares of Healthcare Realty Trust by 14.1% during the third quarter. HGK Asset Management Inc. now owns 28,676 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 3,535 shares during the period.

About Healthcare Realty Trust

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.