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

Healthcare Realty Trust (NYSE:HR - Free Report) had its price objective reduced by JPMorgan Chase & Co. from $18.00 to $17.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust's stock.

HR has been the subject of a number of other research reports. Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wedbush lowered their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Wells Fargo & Company reduced their price objective on 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. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $16.40.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock traded up $0.19 during midday trading on Thursday, reaching $15.74. 1,862,793 shares of the stock were exchanged, compared to its average volume of 3,121,299. Healthcare Realty Trust has a 52 week low of $14.09 and a 52 week high of $18.90. The firm has a market cap of $5.53 billion, a PE ratio of -14.45 and a beta of 0.88. The company's fifty day moving average is $15.01 and its 200-day moving average is $16.03.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. The firm had revenue of $288.86 million during the quarter, compared to analyst estimates of $297.39 million. During the same period in the previous year, the business earned $0.39 EPS. The business's revenue for the quarter was down 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.88%. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 2,500 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the acquisition, the director now 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 SEC, which is available at the SEC website. 0.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in Healthcare Realty Trust by 59.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 612 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Healthcare Realty Trust by 16.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 695 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Healthcare Realty Trust by 6.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust's stock valued at $195,000 after buying an additional 706 shares during the period. Peak Financial Advisors LLC raised its stake in Healthcare Realty Trust by 6.8% in the first quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust's stock worth $193,000 after buying an additional 728 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Healthcare Realty Trust by 4.8% in the fourth quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust's stock worth $281,000 after buying an additional 756 shares in the last quarter.

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.