Healthcare Realty Trust (NYSE:HR) Rating Increased 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 published on Wednesday.

HR has been the subject of several other research reports. Scotiabank reduced their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company reduced their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. Wedbush raised Healthcare Realty Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, April 7th. Finally, Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Healthcare Realty Trust Trading Up 0.8 %

NYSE HR opened at $15.50 on Wednesday. Healthcare Realty Trust has a 12 month low of $14.13 and a 12 month high of $18.90. The stock has a 50-day simple moving average of $16.25 and a 200 day simple moving average of $16.87. The company has a market capitalization of $5.44 billion, a PE ratio of -8.71 and a beta of 0.85.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly 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. The business had revenue of $309.77 million for the quarter, compared to the consensus estimate of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. Healthcare Realty Trust’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. As a group, sell-side analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is currently -69.66%.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of institutional investors have recently added to or reduced their stakes in HR. Starboard Value LP bought a new position in shares of Healthcare Realty Trust in the 4th quarter valued at about $342,110,000. Rush Island Management LP lifted its stake in Healthcare Realty Trust by 21.2% in the 4th quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust’s stock valued at $265,800,000 after purchasing an additional 2,747,848 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Healthcare Realty Trust by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust’s stock worth $78,495,000 after purchasing an additional 495,599 shares during the period. Norges Bank acquired a new position in Healthcare Realty Trust during the fourth quarter worth approximately $76,825,000. Finally, Northern Trust Corp raised its stake in Healthcare Realty Trust by 40.3% in the fourth quarter. Northern Trust Corp now owns 4,040,969 shares of the real estate investment trust’s stock valued at $68,494,000 after buying an additional 1,159,763 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.