Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.00 Consensus Target Price from Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been given a consensus rating of “Hold” by the five ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $17.40.

HR has been the subject of several analyst reports. Jefferies Financial Group downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Friday, December 20th. Finally, Wedbush reiterated an “outperform” rating and set a $16.00 target price on shares of Healthcare Realty Trust in a report on Thursday.

Insider Buying and Selling at Healthcare Realty Trust

In related news, COO Robert E. Hull sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the sale, the chief operating officer now directly owns 171,400 shares of the company’s stock, valued at approximately $2,996,072. This represents a 5.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC raised its stake 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. Blue Trust Inc. boosted its position in Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 925 shares during the period. Synergy Investment Management LLC bought a new position in Healthcare Realty Trust in the 4th quarter worth approximately $36,000. Lazard Asset Management LLC bought a new stake in Healthcare Realty Trust during the fourth quarter worth approximately $45,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,249 shares during the last quarter.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $16.50 on Monday. Healthcare Realty Trust has a 1 year low of $12.77 and a 1 year high of $18.90. The stock has a fifty day moving average price of $16.65 and a 200 day moving average price of $17.40. The stock has a market cap of $5.85 billion, a PE ratio of -9.27 and a beta of 0.94.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. 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 $309.77 million for the quarter, compared to analysts’ expectations of $303.81 million. During the same quarter in the prior year, the firm earned $0.39 EPS. Healthcare Realty Trust’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 7.52%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -69.66%.

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.