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

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

Several research firms have commented on HR. Scotiabank dropped their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company dropped their price target on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. 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 note on Friday, December 20th. Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. Finally, Wedbush upgraded shares of Healthcare Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, April 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. grew its position in Healthcare Realty Trust by 16.4% in 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. Capital Investment Advisors LLC increased its position in Healthcare Realty Trust by 18.5% during the first quarter. Capital Investment Advisors LLC now owns 556,293 shares of the real estate investment trust’s stock valued at $9,401,000 after acquiring an additional 86,970 shares during the last quarter. UMB Bank n.a. lifted its holdings in Healthcare Realty Trust by 73.3% in the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,279 shares during the period. Peak Financial Advisors LLC boosted its position in Healthcare Realty Trust by 6.8% in the first quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 728 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Healthcare Realty Trust by 1,650.4% during the 1st quarter. GAMMA Investing LLC now owns 138,022 shares of the real estate investment trust’s stock valued at $23,330,000 after purchasing an additional 130,137 shares during the period.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $15.83 on Tuesday. Healthcare Realty Trust has a 1 year low of $13.64 and a 1 year high of $18.90. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of -8.89 and a beta of 0.85. The company has a 50-day moving average of $16.44 and a 200 day moving average of $17.01.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business had revenue of $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. During the same quarter last year, the firm earned $0.39 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts anticipate that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust’s payout ratio is presently -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.