Healthcare Realty Trust (NYSE:HR) Reaches New 12-Month Low - Here's What Happened

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $15.23 and last traded at $15.50, with a volume of 4538845 shares changing hands. The stock had previously closed at $15.38.

Wall Street Analyst Weigh In

HR has been the subject of a number of research reports. StockNews.com raised Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Scotiabank decreased their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Wedbush cut their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Wells Fargo & Company decreased their price objective on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Healthcare Realty Trust currently has an average rating of "Hold" and an average price target of $17.00.

Healthcare Realty Trust Stock Performance

The business's 50 day moving average price is $16.16 and its 200 day moving average price is $16.80. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of -8.59 and a beta of 0.92.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued 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. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business had revenue of $288.86 million during the quarter, compared to the consensus estimate of $297.39 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company's revenue was down 9.2% compared to the same quarter last year. Sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 12th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date of this dividend is Monday, May 12th. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -113.76%.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Starboard Value LP purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $342,110,000. Rush Island Management LP lifted its position in shares of Healthcare Realty Trust by 21.2% in the fourth quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust's stock valued at $265,800,000 after acquiring an additional 2,747,848 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Healthcare Realty Trust during the first quarter worth approximately $100,817,000. Bank of New York Mellon Corp raised its stake in Healthcare Realty Trust by 12.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust's stock valued at $78,495,000 after purchasing an additional 495,599 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth $76,825,000.

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.