Wells Fargo & Company Raises Healthcare Realty Trust (NYSE:HR) Price Target to $16.00

Key Points

• Wells Fargo & Company raised the price target for Healthcare Realty Trust (NYSE:HR) from $15.00 to $16.00, indicating a potential downside of 6.30% from its current price.
• Several research firms have downgraded their ratings on the stock, with Wedbush and Wall Street Zen adjusting their targets and ratings recently.
• Healthcare Realty Trust's recent earnings report showed an EPS of $0.41, slightly beating estimates, but the company continues to operate with a negative net margin of 32.95%.

Healthcare Realty Trust (NYSE:HR - Free Report) had its price objective boosted by Wells Fargo & Company from $15.00 to $16.00 in a research note released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the real estate investment trust's stock.

HR has been the subject of several other research reports. 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. Wedbush dropped their price objective 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, JPMorgan Chase & Co. dropped their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Healthcare Realty Trust currently has a consensus rating of "Reduce" and a consensus target price of $16.80.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR traded up $0.04 during trading hours on Wednesday, hitting $17.40. 2,910,721 shares of the stock were exchanged, compared to its average volume of 3,299,808. The company has a market cap of $6.12 billion, a PE ratio of -15.13 and a beta of 0.94. The company's fifty day simple moving average is $16.30 and its two-hundred day simple moving average is $15.91. Healthcare Realty Trust has a 1-year low of $14.09 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $287.07 million during the quarter, compared to the consensus estimate of $290.83 million. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. During the same quarter in the prior year, the firm earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, sell-side analysts expect that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.96 annualized dividend and a dividend yield of 5.5%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -83.48%.

Insider Activity

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 10,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $16.46 per share, with a total value of $164,600.00. Following the completion of the purchase, the director owned 75,520 shares of the company's stock, valued at approximately $1,243,059.20. The trade was a 15.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Several large investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its position in shares of Healthcare Realty Trust by 16.4% during the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock worth $84,000 after buying an additional 695 shares during the period. Peak Financial Advisors LLC increased its position in shares of Healthcare Realty Trust by 6.8% during 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 during the period. ProShare Advisors LLC increased its position in shares of Healthcare Realty Trust by 4.8% during 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 during the period. Focus Financial Network Inc. increased its position in shares of Healthcare Realty Trust by 6.9% during the first quarter. Focus Financial Network Inc. now owns 11,868 shares of the real estate investment trust's stock worth $201,000 after buying an additional 762 shares during the period. Finally, Comprehensive Money Management Services LLC increased its position in shares of Healthcare Realty Trust by 4.7% during the first quarter. Comprehensive Money Management Services LLC now owns 17,918 shares of the real estate investment trust's stock worth $303,000 after buying an additional 800 shares during the period.

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.