Healthcare Realty Trust Incorporated (NYSE:HR) Receives $16.40 Average PT from Analysts

Healthcare Realty Trust Incorporated (NYSE:HR) has been given a consensus rating of “Reduce” by the five research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $16.40.

HR has been the topic of a number of recent analyst reports. Wall Street Zen cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Wells Fargo & Company cut their price objective on 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. cut their price objective on 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, Wedbush cut their price objective on Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, May 5th.

Insider Buying and Selling

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $16.46 per share, with a total value of $164,600.00. Following the completion of the purchase, the director directly owned 75,520 shares of the company’s stock, valued at approximately $1,243,059.20. This represents a 15.26% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.

Institutional Trading of Healthcare Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in HR. Harbor Capital Advisors Inc. increased its position in shares of 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 valued at $84,000 after acquiring an additional 695 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Healthcare Realty Trust by 6.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 706 shares during the period. Peak Financial Advisors LLC increased its position in shares of Healthcare Realty Trust by 6.8% in the 1st quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 728 shares during the period. ProShare Advisors LLC increased its position in shares of 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 valued at $281,000 after acquiring an additional 756 shares during the period. Finally, Focus Financial Network Inc. increased its position in shares of Healthcare Realty Trust by 6.9% in the 1st quarter. Focus Financial Network Inc. now owns 11,868 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 762 shares during the period.

Healthcare Realty Trust Stock Performance

Shares of Healthcare Realty Trust stock opened at $16.46 on Monday. Healthcare Realty Trust has a one year low of $14.09 and a one year high of $18.90. The stock’s fifty day moving average is $15.89 and its 200 day moving average is $15.88. The stock has a market cap of $5.79 billion, a P/E ratio of -14.31 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results 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 return on equity of 7.70% and a negative net margin of 32.95%. The company had revenue of $287.07 million for the quarter, compared to analysts’ expectations of $290.83 million. During the same period last year, the firm earned $0.38 EPS. Analysts predict that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Cuts Dividend

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

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.