Analysts Set Healthcare Realty Trust Incorporated (NYSE:HR) Price Target at $17.40

Healthcare Realty Trust Incorporated (NYSE:HR) has been given a consensus recommendation of “Hold” by the ten brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $17.60.

HR has been the subject of a number of research reports. Wells Fargo & Company lowered shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $17.00 to $16.00 in a research note on Tuesday, July 30th. Scotiabank lifted their target price on shares of Healthcare Realty Trust from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 9th. Finally, Wedbush raised their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors have recently added to or reduced their stakes in HR. Lindbrook Capital LLC lifted its position in shares of Healthcare Realty Trust by 106.0% in the 4th quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 954 shares during the period. Muzinich & Co. Inc. increased its holdings in Healthcare Realty Trust by 98.1% in the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,079 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Healthcare Realty Trust by 38.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 628 shares in the last quarter. Quarry LP acquired a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at about $39,000. Finally, Principal Securities Inc. acquired a new stake in Healthcare Realty Trust during the fourth quarter valued at approximately $45,000.

Healthcare Realty Trust Stock Performance

NYSE HR opened at $17.47 on Thursday. The firm’s 50 day moving average price is $16.88 and its two-hundred day moving average price is $15.43. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of -13.13 and a beta of 0.89. Healthcare Realty Trust has a twelve month low of $12.77 and a twelve month high of $19.88.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). The business had revenue of $316.30 million for the quarter, compared to analyst estimates of $317.90 million. Healthcare Realty Trust had a negative return on equity of 7.22% and a negative net margin of 37.53%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. On average, research analysts forecast that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Monday, August 12th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.10%. The ex-dividend date of this dividend is Monday, August 12th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

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.