Healthcare Realty Trust Incorporated (NYSE:HR) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Healthcare Realty Trust has received a consensus recommendation of "Hold" from analysts, with two sell ratings, three hold ratings, and two buy ratings among the covering analysts.
• The stock has a 12-month average target price of approximately $17.67, with recent price objectives ranging from $16.00 to $20.00 set by various analysts.
• Healthcare Realty Trust recently cut its dividend to $0.24 per share, translating to an annualized yield of 5.4% and a significant negative payout ratio of -83.48%.

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) have earned a consensus recommendation of "Hold" from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.6667.

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company an "underweight" rating in a research report on Wednesday, August 27th. Raymond James Financial lowered shares of Healthcare Realty Trust from a "market perform" rating to an "underperform" rating in a research note on Monday, September 15th. Scotiabank upgraded shares of Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $18.00 to $20.00 in a research report on Friday, September 5th. BTIG Research reaffirmed a "buy" rating and issued a $20.00 price target on shares of Healthcare Realty Trust in a report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR opened at $17.74 on Tuesday. The firm has a market cap of $6.24 billion, a P/E ratio of -15.43 and a beta of 0.94. The stock has a fifty day moving average price of $17.14 and a two-hundred day moving average price of $16.09. Healthcare Realty Trust has a 1 year low of $14.09 and a 1 year high of $18.82.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.The business had revenue of $287.07 million during the quarter, compared to analysts' expectations of $290.83 million. During the same quarter last year, the business posted $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, research analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Thursday, August 14th. Healthcare Realty Trust's dividend payout ratio is currently -83.48%.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $16.46 per share, with a total value of $164,600.00. Following the purchase, the director owned 75,520 shares of the company's stock, valued at $1,243,059.20. This trade represents a 15.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Julie F. Wilson sold 15,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $270,000.00. Following the sale, the executive vice president owned 113,419 shares in the company, valued at approximately $2,041,542. The trade was a 11.68% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Several hedge funds have recently made changes to their positions in HR. Wealth Enhancement Advisory Services LLC raised its stake in 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 valued at $907,000 after purchasing an additional 9,467 shares during the period. GAMMA Investing LLC grew its holdings in shares of Healthcare Realty Trust by 1,650.4% during the first quarter. GAMMA Investing LLC now owns 138,022 shares of the real estate investment trust's stock valued at $23,330,000 after buying an additional 130,137 shares in the last quarter. Peak Financial Advisors LLC grew its holdings in shares of Healthcare Realty Trust by 6.8% during the first quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust's stock valued at $193,000 after buying an additional 728 shares in the last quarter. UMB Bank n.a. raised its position in Healthcare Realty Trust by 73.3% during the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock valued at $51,000 after buying an additional 1,279 shares during the period. Finally, Capital Investment Advisors LLC lifted its stake in Healthcare Realty Trust by 18.5% in the 1st quarter. Capital Investment Advisors LLC now owns 556,293 shares of the real estate investment trust's stock worth $9,401,000 after acquiring an additional 86,970 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.

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