Healthcare Realty Trust (NYSE:HR) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Healthcare Realty Trust (NYSE:HR) from a sell rating to a hold rating in a report released on Thursday morning.

A number of other analysts have also recently commented on the stock. Wedbush dropped their target price on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Wells Fargo & Company cut their price objective on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Finally, Scotiabank decreased their target price on shares of 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. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Healthcare Realty Trust Price Performance

Shares of NYSE HR opened at $15.36 on Thursday. Healthcare Realty Trust has a 1 year low of $14.53 and a 1 year high of $18.90. The stock has a market capitalization of $5.39 billion, a P/E ratio of -8.63 and a beta of 0.92. The company’s 50-day moving average is $16.03 and its 200 day moving average is $16.73.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. Research analysts anticipate that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 12th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.24 annualized dividend and a yield of 8.07%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -113.76%.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors have recently made changes to their positions in HR. Smartleaf Asset Management LLC raised its position in Healthcare Realty Trust by 59.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 612 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Healthcare Realty Trust by 16.4% during the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 695 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Healthcare Realty Trust by 6.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 706 shares during the period. Peak Financial Advisors LLC boosted its holdings 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, ProShare Advisors LLC grew its position in Healthcare Realty Trust by 4.8% in the 4th quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 756 shares during the period.

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.