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

Key Points

• Healthcare Realty Trust has received an average rating of "Reduce" from five research firms, with one analyst rating the stock as a sell and four as hold.
• The firm recently cut its dividend to $0.24 per share, representing a dividend yield of 5.8%, but its payout ratio is currently negative at -107.83%.
• Shares of Healthcare Realty Trust have a market capitalization of $5.86 billion, with a 12-month low of $14.09 and a high of $18.90.

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) have been given an average rating of "Reduce" by the five research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $16.40.

A number of research analysts recently issued reports on HR shares. Wall Street Zen downgraded Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. JPMorgan Chase & Co. reduced their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. Wells Fargo & Company reduced their target price on Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a report on Monday, June 2nd. Finally, Wedbush reduced their target price on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th.

Healthcare Realty Trust Stock Down 1.2%

Shares of HR stock opened at $16.68 on Monday. The business has a 50-day moving average price of $15.66 and a two-hundred day moving average price of $15.88. Healthcare Realty Trust has a 12-month low of $14.09 and a 12-month high of $18.90. The firm has a market cap of $5.86 billion, a P/E ratio of -14.50 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $287.07 million for the quarter, compared to the consensus estimate of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%. During the same quarter in the previous year, the business earned $0.38 earnings per share. As a group, research analysts expect that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.8%. Healthcare Realty Trust's dividend payout ratio is currently -107.83%.

Insider Activity at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of $14.71 per share, with a total value of $36,775.00. Following the transaction, the director directly owned 56,502 shares in the company, valued at $831,144.42. This trade represents a 4.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HR. Harbor Capital Advisors Inc. raised its stake in Healthcare Realty Trust by 16.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock valued at $84,000 after buying an additional 695 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Healthcare Realty Trust by 6.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 706 shares in the last quarter. Peak Financial Advisors LLC increased its stake in shares of Healthcare Realty Trust by 6.8% in the 1st quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust's stock worth $193,000 after purchasing an additional 728 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Healthcare Realty Trust by 4.8% in the 4th quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust's stock worth $281,000 after purchasing an additional 756 shares in the last quarter. Finally, Focus Financial Network Inc. increased its stake in shares of Healthcare Realty Trust by 6.9% in the 1st quarter. Focus Financial Network Inc. now owns 11,868 shares of the real estate investment trust's stock worth $201,000 after purchasing an additional 762 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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