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

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) has been assigned an average recommendation of "Reduce" from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $17.00.

A number of equities research analysts have commented on HR shares. Wells Fargo & Company reduced their price target on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. 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. Wedbush lowered their target price on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, StockNews.com upgraded Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th.

Healthcare Realty Trust Stock Down 0.2 %

Shares of Healthcare Realty Trust stock traded down $0.03 on Friday, hitting $15.18. The stock had a trading volume of 256,043 shares, compared to its average volume of 3,208,509. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of -8.53 and a beta of 0.92. The business's 50 day moving average is $16.09 and its two-hundred day moving average is $16.77. Healthcare Realty Trust has a twelve month low of $14.53 and a twelve month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm had revenue of $288.86 million during the quarter, compared to the consensus estimate of $297.39 million. During the same period in the prior year, the company posted $0.39 EPS. The company's revenue was down 9.2% compared to the same quarter last year. As a group, equities analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 12th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 8.17%. The ex-dividend date of this dividend is Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is presently -113.76%.

Hedge Funds Weigh In On Healthcare Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of HR. Bayforest Capital Ltd boosted its position in Healthcare Realty Trust by 262.0% during the 1st quarter. Bayforest Capital Ltd now owns 71,111 shares of the real estate investment trust's stock valued at $1,202,000 after buying an additional 51,466 shares during the period. XTX Topco Ltd purchased a new position in shares of Healthcare Realty Trust during the first quarter valued at approximately $920,000. GSA Capital Partners LLP raised its holdings in shares of Healthcare Realty Trust by 102.9% during the first quarter. GSA Capital Partners LLP now owns 87,589 shares of the real estate investment trust's stock valued at $1,480,000 after acquiring an additional 44,428 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Healthcare Realty Trust by 14.3% in the first quarter. Federated Hermes Inc. now owns 41,392 shares of the real estate investment trust's stock valued at $700,000 after acquiring an additional 5,181 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in Healthcare Realty Trust by 2.8% in the 1st quarter. Meeder Asset Management Inc. now owns 38,025 shares of the real estate investment trust's stock worth $643,000 after purchasing an additional 1,046 shares in the last quarter.

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.