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

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) have received an average recommendation of "Reduce" from the five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.40.

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

Insider Buying and Selling

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 2,500 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were acquired at an average price of $14.71 per share, with a total value of $36,775.00. Following the transaction, the director owned 56,502 shares of the company's stock, valued at approximately $831,144.42. This trade represents a 4.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Starboard Value LP bought a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at about $342,110,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at about $100,817,000. Norges Bank bought a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at about $76,825,000. Rush Island Management LP boosted 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 buying an additional 2,747,848 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at about $39,337,000.

Healthcare Realty Trust Trading Up 0.7%

Healthcare Realty Trust stock opened at $15.98 on Thursday. The firm has a 50-day moving average price of $15.13 and a 200-day moving average price of $15.92. The firm has a market capitalization of $5.61 billion, a PE ratio of -14.66 and a beta of 0.89. Healthcare Realty Trust has a 12-month low of $14.09 and a 12-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 (EPS) for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $288.86 million during the quarter, compared to analyst estimates of $297.39 million. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. The business's revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. As a group, sell-side analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.76%. The ex-dividend date of this dividend was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is presently -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.

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