Wells Fargo & Company Reaffirms Underweight Rating for Healthcare Realty Trust (NYSE:HR)

Wells Fargo & Company restated their underweight rating on shares of Healthcare Realty Trust (NYSE:HR) in a report issued on Tuesday morning, Benzinga reports. They currently have a $17.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $16.00.

Other equities research analysts also recently issued reports about the stock. Scotiabank lifted their price objective on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a sector perform rating in a research note on Wednesday, August 7th. Wedbush lifted their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a neutral rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust has an average rating of Hold and an average target price of $17.13.

Healthcare Realty Trust Trading Down 0.3 %

NYSE HR opened at $17.64 on Tuesday. The firm’s fifty day simple moving average is $17.87 and its two-hundred day simple moving average is $16.34. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $18.90. The firm has a market capitalization of $6.68 billion, a P/E ratio of -13.26 and a beta of 0.91.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.77). Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The firm had revenue of $316.30 million during the quarter, compared to analysts’ expectations of $317.90 million. During the same period in the prior year, the firm posted $0.39 earnings per share. Healthcare Realty Trust’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Healthcare Realty Trust will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were given a dividend of $0.31 per share. The ex-dividend date was Monday, August 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.03%. Healthcare Realty Trust’s dividend payout ratio is presently -93.23%.

Insider Activity at Healthcare Realty Trust

In other news, Director John Knox Singleton acquired 6,500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $18.24 per share, with a total value of $118,560.00. Following the completion of the acquisition, the director now owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 9,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were bought at an average cost of $17.39 per share, with a total value of $156,510.00. Following the completion of the acquisition, the director now owns 22,252 shares in the company, valued at $386,962.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Knox Singleton acquired 6,500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the acquisition, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The disclosure for this purchase can be found here. Insiders acquired 15,728 shares of company stock worth $279,069 over the last three months. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Healthcare Realty Trust

Several institutional investors have recently bought and sold shares of HR. Muzinich & Co. Inc. lifted its position in shares of Healthcare Realty Trust by 98.1% in the fourth quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 1,079 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Healthcare Realty Trust by 38.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 628 shares in the last quarter. Quarry LP purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC lifted its position in shares of Healthcare Realty Trust by 260.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 2,030 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $85,000.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.