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

Healthcare Realty Trust Incorporated (NYSE:HR) has been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the stock, Marketbeat.com reports. One research 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 price target among brokers that have covered the stock in the last year is $17.00.

HR has been the subject of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $16.00 price target on shares of Healthcare Realty Trust in a report on Thursday, February 20th. StockNews.com lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lowered Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, December 20th. Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd. Finally, Scotiabank dropped their target price on 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.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, COO Robert E. Hull sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the completion of the sale, the chief operating officer now owns 171,400 shares of the company’s stock, valued at approximately $2,996,072. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. Starboard Value LP purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter worth about $342,110,000. Norges Bank purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter worth about $76,825,000. Rush Island Management LP boosted its position in shares of Healthcare Realty Trust by 21.2% in the fourth quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust’s stock worth $265,800,000 after buying an additional 2,747,848 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter worth about $39,337,000. Finally, Pzena Investment Management LLC purchased a new stake in shares of Healthcare Realty Trust in the third quarter worth about $40,392,000.

Healthcare Realty Trust Stock Up 2.1 %

NYSE HR opened at $16.65 on Friday. Healthcare Realty Trust has a fifty-two week low of $12.91 and a fifty-two week high of $18.90. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of -9.35 and a beta of 0.97. The business has a fifty day moving average of $16.58 and a 200-day moving average of $17.30.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping 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 company had revenue of $309.77 million during the quarter, compared to analysts’ expectations of $303.81 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, analysts anticipate that Healthcare Realty Trust will post 1.59 EPS 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. Shareholders of record on Monday, March 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -69.66%.

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.