Brokerages Set Healthcare Realty Trust Incorporated (NYSE:HR) PT at $17.67

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have earned an average rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.4286.

Several research firms have weighed in on HR. Cantor Fitzgerald began coverage on Healthcare Realty Trust in a report on Wednesday. They set an “overweight” rating and a $23.00 price target for the company. BTIG Research restated a “buy” rating and set a $20.00 price target on shares of Healthcare Realty Trust in a report on Monday. JPMorgan Chase & Co. cut their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, June 26th. Scotiabank upgraded Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $18.00 to $20.00 in a report on Friday, September 5th. Finally, Wells Fargo & Company raised their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, August 27th.

Insider Buying and Selling

In other news, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $270,000.00. Following the completion of the transaction, the executive vice president owned 113,419 shares in the company, valued at approximately $2,041,542. The trade was a 11.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas N. Bohjalian bought 10,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $16.46 per share, with a total value of $164,600.00. Following the acquisition, the director owned 75,520 shares in the company, valued at approximately $1,243,059.20. This trade represents a 15.26% increase in their position. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of HR. Massachusetts Financial Services Co. MA purchased a new position in shares of Healthcare Realty Trust in the 1st quarter worth approximately $100,817,000. Norges Bank bought a new stake in shares of Healthcare Realty Trust during the 2nd quarter worth approximately $66,085,000. Centersquare Investment Management LLC bought a new stake in shares of Healthcare Realty Trust during the 1st quarter worth approximately $30,834,000. Rush Island Management LP lifted its stake in shares of Healthcare Realty Trust by 13.8% during the 2nd quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock worth $226,166,000 after acquiring an additional 1,728,491 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Healthcare Realty Trust during the 1st quarter worth approximately $22,285,000.

Healthcare Realty Trust Trading Down 1.7%

Shares of HR opened at $18.06 on Tuesday. The business’s 50 day moving average is $17.24 and its 200 day moving average is $16.13. The company has a market capitalization of $6.35 billion, a PE ratio of -15.71 and a beta of 0.96. Healthcare Realty Trust has a 12-month low of $14.09 and a 12-month high of $18.82.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $287.07 million for the quarter, compared to the consensus estimate of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.During the same quarter last year, the company earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. Equities research analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.24 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.3%. Healthcare Realty Trust’s payout ratio is -83.48%.

About Healthcare Realty Trust

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.