Healthcare Realty Trust (NYSE:HR) Price Target Cut to $17.00 by Analysts at Scotiabank

Healthcare Realty Trust (NYSE:HR) had its price target cut by Scotiabank from $18.00 to $17.00 in a research report released on Tuesday,Benzinga reports. They currently have a sector perform rating on the real estate investment trust’s stock.

Several other analysts have also recently issued reports on the company. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. Wedbush reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. cut Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and a consensus price target of $17.20.

Healthcare Realty Trust Trading Up 0.4 %

Shares of NYSE:HR opened at $16.89 on Tuesday. The stock has a 50 day moving average of $16.63 and a 200 day moving average of $17.38. The company has a market cap of $5.98 billion, a PE ratio of -9.49 and a beta of 0.94. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The company had revenue of $309.77 million for the quarter, compared to analysts’ expectations of $303.81 million. During the same period in the previous year, the firm earned $0.39 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. Equities research analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 7.34%. Healthcare Realty Trust’s payout ratio is presently -69.66%.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, COO Robert E. Hull sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total value of $174,800.00. Following the transaction, the chief operating officer now owns 171,400 shares of the company’s stock, valued at $2,996,072. This represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Several hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew 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 valued at $27,000 after acquiring an additional 612 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Healthcare Realty Trust by 6.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 706 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Healthcare Realty Trust by 4.8% during the 4th quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 756 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Healthcare Realty Trust by 1.1% during the 4th quarter. Pacer Advisors Inc. now owns 70,776 shares of the real estate investment trust’s stock worth $1,200,000 after buying an additional 786 shares in the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of Healthcare Realty Trust by 4.1% during the 4th quarter. Park Avenue Securities LLC now owns 20,193 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 793 shares in the last quarter.

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.