Healthcare Realty Trust (NYSE:HR) Price Target Lowered to $17.00 at JPMorgan Chase & Co.

Healthcare Realty Trust (NYSE:HR - Free Report) had its price target trimmed by JPMorgan Chase & Co. from $18.00 to $17.00 in a research note published on Thursday,Benzinga reports. The firm currently has a neutral rating on the real estate investment trust's stock.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company reduced their price objective on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, June 2nd. Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, Wedbush reduced 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 research report on Monday, May 5th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $16.40.

Healthcare Realty Trust Trading Up 1.4%

NYSE:HR traded up $0.23 during trading hours on Thursday, reaching $15.78. 6,949,014 shares of the company were exchanged, compared to its average volume of 3,133,195. The stock's 50-day moving average is $15.01 and its 200-day moving average is $16.00. The firm has a market cap of $5.54 billion, a PE ratio of -14.47 and a beta of 0.88. Healthcare Realty Trust has a twelve month low of $14.09 and a twelve month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, research analysts anticipate that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.86%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust's payout ratio is currently -113.76%.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian bought 2,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was bought at an average price of $14.71 per share, with a total value of $36,775.00. Following the completion of the purchase, the director now directly owns 56,502 shares in the company, valued at $831,144.42. This represents a 4.63% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HR. Golden State Wealth Management LLC purchased a new position in Healthcare Realty Trust during the first quarter worth about $26,000. Smartleaf Asset Management LLC boosted its stake in Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock worth $27,000 after buying an additional 612 shares during the period. SVB Wealth LLC purchased a new position in Healthcare Realty Trust during the first quarter worth about $35,000. Synergy Investment Management LLC purchased a new position in Healthcare Realty Trust during the fourth quarter worth about $36,000. Finally, Anchor Investment Management LLC purchased a new position in Healthcare Realty Trust during the first quarter worth about $38,000.

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.