Healthcare Realty Trust (NYSE:HR) Lowered to "Underperform" Rating by Raymond James Financial

Key Points

• Healthcare Realty Trust was downgraded from "market perform" to "underperform" by Raymond James Financial, indicating potential concerns about its performance.
• Other research firms presented mixed views, with Wells Fargo lowering their price target to $16, while BTIG maintained a "buy" rating with a $20 target.
• The company reported earnings of $0.41 per share, slightly above estimates, and set guidance for FY 2025 at 1.570-1.610 EPS.

Raymond James Financial cut shares of Healthcare Realty Trust (NYSE:HR - Free Report) from a market perform rating to an underperform rating in a report released on Monday, Marketbeat Ratings reports.

A number of other brokerages also recently issued reports on HR. Wells Fargo & Company increased their price objective on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. lowered their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Scotiabank upgraded Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the stock from $18.00 to $20.00 in a research report on Friday, September 5th. Wall Street Zen downgraded Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, BTIG Research reissued a "buy" rating and issued a $20.00 target price on shares of Healthcare Realty Trust in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.67.

Healthcare Realty Trust Stock Up 0.2%

HR traded up $0.04 during midday trading on Monday, hitting $18.12. 1,876,424 shares of the company were exchanged, compared to its average volume of 3,237,440. The firm has a market capitalization of $6.37 billion, a P/E ratio of -15.79 and a beta of 0.94. Healthcare Realty Trust has a 1-year low of $14.09 and a 1-year high of $18.82. The firm's 50 day moving average price is $16.90 and its 200-day moving average price is $16.03.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company 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 period in the previous year, the business earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, sell-side analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.96 dividend on an annualized basis and a yield of 5.3%. Healthcare Realty Trust's dividend payout ratio is presently -83.48%.

Insider Buying and Selling

In related news, EVP Julie F. Wilson sold 15,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the completion of the sale, the executive vice president owned 113,419 shares of the company's stock, valued at $2,041,542. This represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas N. Bohjalian bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $16.46 per share, with a total value of $164,600.00. Following the transaction, the director directly owned 75,520 shares of the company's stock, valued at $1,243,059.20. The trade was a 15.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.37% of the company's stock.

Institutional Trading of Healthcare Realty Trust

Institutional investors have recently modified their holdings of the stock. Rush Island Management LP raised its stake in Healthcare Realty Trust by 13.8% during the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust's stock worth $226,166,000 after purchasing an additional 1,728,491 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Healthcare Realty Trust by 15.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,859,453 shares of the real estate investment trust's stock valued at $108,791,000 after purchasing an additional 893,938 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Healthcare Realty Trust by 11.2% in the second quarter. JPMorgan Chase & Co. now owns 6,794,815 shares of the real estate investment trust's stock valued at $107,766,000 after purchasing an additional 683,211 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Healthcare Realty Trust by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 5,562,311 shares of the real estate investment trust's stock valued at $88,218,000 after purchasing an additional 92,112 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Healthcare Realty Trust by 9.0% in the second quarter. Thrivent Financial for Lutherans now owns 4,613,166 shares of the real estate investment trust's stock valued at $73,164,000 after purchasing an additional 380,379 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.