Analysts Set Healthcare Realty Trust Incorporated (NYSE:HR) PT at $17.00

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have earned a consensus rating of “Reduce” from the five brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $17.00.

Several equities analysts have recently issued reports on HR shares. Wedbush cut their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday. Scotiabank lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. StockNews.com raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company lowered their price target on Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, March 10th.

Healthcare Realty Trust Trading Down 1.0 %

NYSE HR opened at $15.06 on Friday. The firm’s fifty day simple moving average is $16.16 and its two-hundred day simple moving average is $16.80. The firm has a market capitalization of $5.28 billion, a P/E ratio of -8.46 and a beta of 0.92. Healthcare Realty Trust has a 12-month low of $14.53 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. As a group, sell-side analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 12th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a yield of 8.23%. Healthcare Realty Trust’s dividend payout ratio is presently -113.76%.

Institutional Investors Weigh In On Healthcare Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HR. Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 612 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Healthcare Realty Trust by 16.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 695 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Healthcare Realty Trust by 6.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 706 shares during the period. Peak Financial Advisors LLC lifted its stake in shares of Healthcare Realty Trust by 6.8% in the 1st quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust’s stock valued at $193,000 after purchasing an additional 728 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Healthcare Realty Trust by 4.8% during the fourth quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 756 shares in the last quarter.

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.