Healthcare Realty Trust Incorporated (NYSE:HR) Given Consensus Rating of "Reduce" by Brokerages

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) has received a consensus recommendation of "Reduce" from the five analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $16.80.

A number of equities analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wedbush decreased their target price on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Wells Fargo & Company decreased their target price on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a research note on Monday, June 2nd.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the transaction, the director now directly owns 56,502 shares of the company's stock, valued at approximately $831,144.42. The trade was a 4.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HR. Starboard Value LP bought a new position in Healthcare Realty Trust during the fourth quarter valued at $342,110,000. Massachusetts Financial Services Co. MA bought a new position in shares of Healthcare Realty Trust in the first quarter worth about $100,817,000. Norges Bank bought a new position in Healthcare Realty Trust during the 4th quarter worth about $76,825,000. Rush Island Management LP grew its holdings in Healthcare Realty Trust by 21.2% during the 4th quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust's stock worth $265,800,000 after acquiring an additional 2,747,848 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in Healthcare Realty Trust during the 4th quarter worth about $39,337,000.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $15.15 on Friday. The firm has a market cap of $5.32 billion, a P/E ratio of -13.90 and a beta of 0.88. Healthcare Realty Trust has a fifty-two week low of $14.09 and a fifty-two week high of $18.90. The firm has a 50-day simple moving average of $15.03 and a two-hundred day simple moving average of $16.08.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. The firm had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. The business's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. On average, equities research analysts predict that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 8.19%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is presently -113.76%.

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.

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