Brokerages Set Healthcare Realty Trust Incorporated (NYSE:HR) Target Price at $16.40

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) has been assigned a consensus rating of "Reduce" from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $16.40.

HR has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price objective 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. Wall Street Zen lowered Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. JPMorgan Chase & Co. dropped their price objective 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. 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 report on Monday, May 5th.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian acquired 2,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the transaction, the director owned 56,502 shares of the company's stock, valued at approximately $831,144.42. The trade was a 4.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Several hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. acquired a new stake in shares of Healthcare Realty Trust during the first quarter worth approximately $228,000. Golden State Wealth Management LLC acquired a new stake in shares of Healthcare Realty Trust in the first quarter valued at approximately $26,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Healthcare Realty Trust by 31.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 60,301 shares of the real estate investment trust's stock valued at $1,019,000 after purchasing an additional 14,400 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Healthcare Realty Trust by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 14,803 shares of the real estate investment trust's stock valued at $250,000 after purchasing an additional 1,171 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Healthcare Realty Trust in the first quarter valued at approximately $618,000.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock traded down $0.03 during trading hours on Thursday, hitting $16.17. 4,103,587 shares of the stock traded hands, compared to its average volume of 3,227,163. The firm's 50 day moving average price is $15.16 and its 200-day moving average price is $15.90. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of -14.83 and a beta of 0.89. Healthcare Realty Trust has a 1 year low of $14.09 and a 1 year high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. 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 previous year, the business earned $0.39 EPS. Healthcare Realty Trust's revenue for the quarter was down 9.2% compared to the same quarter last year. Research analysts forecast that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 12th were given a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.67%. Healthcare Realty Trust's dividend payout ratio (DPR) is -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.