Healthcare Realty Trust Incorporated (NYSE:HR) Receives Average Recommendation of "Reduce" from Analysts

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

A number of research firms recently commented on HR. Wedbush upgraded Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a report on Monday, April 7th. StockNews.com upgraded Healthcare Realty Trust from a "sell" rating to a "hold" rating in a report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. Finally, Scotiabank dropped their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a research report on Tuesday, February 25th.

Healthcare Realty Trust Stock Performance

NYSE HR opened at $15.24 on Friday. Healthcare Realty Trust has a fifty-two week low of $14.53 and a fifty-two week high of $18.90. The firm has a market capitalization of $5.35 billion, a P/E ratio of -8.56 and a beta of 0.85. The stock's fifty day moving average is $16.20 and its two-hundred day moving average is $16.84.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data 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. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The firm had revenue of $288.86 million during the quarter, compared to analyst estimates of $297.39 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Healthcare Realty Trust's quarterly revenue was down 9.2% on a year-over-year basis. As a group, sell-side analysts forecast 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 will be paid on Friday, May 23rd. Shareholders of record on Monday, May 12th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.24 annualized dividend and a yield of 8.14%. Healthcare Realty Trust's dividend payout ratio is presently -69.66%.

Institutional Investors Weigh In On Healthcare Realty Trust

Several large investors have recently bought and sold shares of HR. Starboard Value LP acquired a new position in shares of Healthcare Realty Trust during the fourth quarter worth about $342,110,000. Massachusetts Financial Services Co. MA acquired a new position in Healthcare Realty Trust during the 1st quarter worth approximately $100,817,000. Norges Bank purchased a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at approximately $76,825,000. Rush Island Management LP raised its holdings in shares of Healthcare Realty Trust by 21.2% in the 4th quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust's stock valued at $265,800,000 after purchasing an additional 2,747,848 shares in the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new stake in shares of Healthcare Realty Trust during the 4th quarter worth $39,337,000.

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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