Healthcare Realty Trust (NYSE:HR) Price Target Cut to $16.00 by Analysts at Wedbush

Healthcare Realty Trust (NYSE:HR - Free Report) had its target price lowered by Wedbush from $18.00 to $16.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust's stock.

Several other brokerages have also issued reports on HR. StockNews.com upgraded Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Scotiabank cut their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their price target on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $17.00.

Healthcare Realty Trust Trading Up 0.3 %

Shares of NYSE:HR traded up $0.04 during mid-day trading on Monday, reaching $15.36. The stock had a trading volume of 2,384,698 shares, compared to its average volume of 3,206,609. The firm has a market cap of $5.39 billion, a PE ratio of -8.63 and a beta of 0.92. The firm has a 50 day simple moving average of $16.03 and a two-hundred day simple moving average of $16.74. Healthcare Realty Trust has a twelve month low of $14.53 and a twelve month 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, hitting analysts' consensus estimates of $0.39. The company had revenue of $288.86 million for the quarter, compared to analysts' expectations of $297.39 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business's quarterly revenue was down 9.2% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. On average, equities analysts anticipate that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date is Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of institutional investors have recently added to or reduced their stakes in HR. Golden State Wealth Management LLC bought a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at about $26,000. Blue Trust Inc. raised its stake in Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 925 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Healthcare Realty Trust by 59.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 612 shares during the last quarter. Synergy Investment Management LLC acquired a new position in shares of Healthcare Realty Trust in the fourth quarter valued at $36,000. Finally, Lazard Asset Management LLC bought a new position in shares of Healthcare Realty Trust in the fourth quarter valued at about $45,000.

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.