Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.00 Consensus PT from Analysts

Healthcare Realty Trust Incorporated (NYSE:HR) has earned a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $17.00.

Several research firms have recently weighed in on HR. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Friday, December 20th. Scotiabank reduced their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Wedbush reissued an “outperform” rating and issued a $16.00 price target on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. StockNews.com upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Jefferies Financial Group downgraded 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.

Healthcare Realty Trust Trading Up 0.1 %

HR stock opened at $16.77 on Friday. Healthcare Realty Trust has a 1-year low of $12.91 and a 1-year high of $18.90. The firm has a market cap of $5.88 billion, a PE ratio of -9.42 and a beta of 0.97. The business’s 50-day moving average price is $16.59 and its two-hundred day moving average price is $17.29.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $309.77 million for the quarter, compared to analysts’ expectations of $303.81 million. During the same quarter in the previous year, the business posted $0.39 EPS. Healthcare Realty Trust’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, analysts forecast that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Monday, March 3rd. Healthcare Realty Trust’s payout ratio is -69.66%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HR. Wealth Enhancement Advisory Services LLC increased its position in shares of Healthcare Realty Trust by 21.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,501 shares of the real estate investment trust’s stock worth $907,000 after purchasing an additional 9,467 shares during the last quarter. Comprehensive Money Management Services LLC bought a new stake in Healthcare Realty Trust during the fourth quarter worth $290,000. Employees Retirement System of Texas acquired a new stake in Healthcare Realty Trust in the fourth quarter valued at $3,390,000. AlphaCore Capital LLC bought a new position in shares of Healthcare Realty Trust in the 4th quarter valued at about $375,000. Finally, Mackenzie Financial Corp grew its position in shares of Healthcare Realty Trust by 234.9% in the 4th quarter. Mackenzie Financial Corp now owns 56,987 shares of the real estate investment trust’s stock valued at $966,000 after acquiring an additional 39,969 shares during the period.

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.