Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.20 Average PT from Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.20.

HR has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Wells Fargo & Company reduced their price target on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 target price on the stock. Finally, Wedbush lowered Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th.

Healthcare Realty Trust Stock Up 0.8 %

Shares of HR opened at $14.14 on Tuesday. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of -19.11 and a beta of 0.79. Healthcare Realty Trust has a 52 week low of $12.77 and a 52 week high of $20.32. The stock’s 50-day moving average price is $13.77 and its 200-day moving average price is $15.07.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). The business had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. Healthcare Realty Trust’s revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. As a group, equities analysts anticipate that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, February 26th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.77%. The ex-dividend date was Friday, February 23rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -167.57%.

Institutional Trading of Healthcare Realty Trust

A number of institutional investors have recently bought and sold shares of HR. Norges Bank purchased a new position in shares of Healthcare Realty Trust during the fourth quarter worth about $59,352,000. Rush Island Management LP grew its position in Healthcare Realty Trust by 43.7% during the third quarter. Rush Island Management LP now owns 11,010,401 shares of the real estate investment trust’s stock worth $168,129,000 after buying an additional 3,350,506 shares during the period. Waterfront Capital Partners LLC purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at $51,775,000. Canada Pension Plan Investment Board increased its stake in shares of Healthcare Realty Trust by 23.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 7,084,221 shares of the real estate investment trust’s stock worth $108,176,000 after purchasing an additional 1,360,105 shares in the last quarter. Finally, APG Asset Management US Inc. raised its stake in Healthcare Realty Trust by 12.0% in the 4th quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock valued at $216,527,000 after purchasing an additional 1,348,529 shares during the last quarter.

Healthcare Realty Trust Company Profile

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.