Brokerages Set Healthcare Realty Trust Incorporated (NYSE:HR) PT at $16.40

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have earned a consensus rating of “Reduce” from the five brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $16.40.

A number of equities research analysts have recently issued reports on the stock. Wedbush cut 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 research note on Monday, May 5th. Wells Fargo & Company lowered their price objective on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday, June 2nd. JPMorgan Chase & Co. decreased their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, June 26th. Finally, Wall Street Zen lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian purchased 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $16.46 per share, for a total transaction of $164,600.00. Following the transaction, the director owned 75,520 shares in the company, valued at $1,243,059.20. The trade was a 15.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

Several hedge funds have recently made changes to their positions in HR. Golden State Wealth Management LLC purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at approximately $26,000. SVB Wealth LLC purchased a new stake in Healthcare Realty Trust in the 1st quarter worth approximately $35,000. Anchor Investment Management LLC purchased a new stake in Healthcare Realty Trust in the 1st quarter worth approximately $38,000. Lazard Asset Management LLC purchased a new stake in Healthcare Realty Trust in the 4th quarter worth approximately $45,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Healthcare Realty Trust in the 2nd quarter worth approximately $45,000.

Healthcare Realty Trust Trading Up 0.9%

NYSE:HR opened at $16.46 on Monday. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of -14.31 and a beta of 0.89. The firm’s fifty day simple moving average is $15.89 and its 200 day simple moving average is $15.87. Healthcare Realty Trust has a twelve month low of $14.09 and a twelve month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. The firm had revenue of $287.07 million for the quarter, compared to analyst estimates of $290.83 million. During the same quarter in the previous year, the business posted $0.38 EPS. On average, analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.8%. Healthcare Realty Trust’s dividend payout ratio is presently -83.48%.

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.