Healthcare Realty Trust Incorporated (NYSE:HR) Receives Average Rating of "Reduce" from Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) have earned a consensus rating of "Reduce" from the five analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $16.80.

A number of research firms have recently commented on HR. Wall Street Zen lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wells Fargo & Company cut their price target on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a research report on Monday, June 2nd. Scotiabank decreased their price target on 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. Finally, Wedbush dropped their price objective on 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.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 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 acquisition, the director now owns 56,502 shares in the company, valued at approximately $831,144.42. The trade was a 4.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of institutional investors have recently modified their holdings of HR. Golden State Wealth Management LLC acquired a new stake in Healthcare Realty Trust in the 1st quarter valued at $26,000. Smartleaf Asset Management LLC lifted its stake in shares of Healthcare Realty Trust by 59.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 612 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Healthcare Realty Trust during the first quarter valued at about $35,000. Synergy Investment Management LLC acquired a new position in shares of Healthcare Realty Trust during the fourth quarter valued at about $36,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Healthcare Realty Trust during the first quarter worth about $38,000.

Healthcare Realty Trust Stock Up 0.6%

HR traded up $0.10 during midday trading on Friday, hitting $15.61. 4,415,612 shares of the company were exchanged, compared to its average volume of 3,116,315. The firm's 50 day moving average price is $15.02 and its 200-day moving average price is $16.05. Healthcare Realty Trust has a 1-year low of $14.09 and a 1-year high of $18.90. The firm has a market capitalization of $5.49 billion, a P/E ratio of -14.32 and a beta of 0.88.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The company had revenue of $288.86 million for the quarter, compared to analyst estimates of $297.39 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm's quarterly revenue was down 9.2% on a year-over-year basis. On average, 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 Friday, May 23rd. Investors of record on Monday, May 12th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.94%. 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.