Healthcare Realty Trust (NYSE:HR) Reaches New 1-Year Low - What's Next?

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. The stock had previously closed at $15.38.

Wall Street Analysts Forecast Growth

HR has been the subject of several analyst reports. Wells Fargo & Company cut their price target on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Scotiabank cut their price target on shares of 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 upgraded shares of Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, April 7th. Jefferies Financial Group lowered shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and lowered their target price for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded shares of Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $17.00.

Healthcare Realty Trust Price Performance

The firm's 50-day moving average price is $16.25 and its 200 day moving average price is $16.87. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of -8.71 and a beta of 0.85.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $309.77 million for the quarter, compared to analyst estimates of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The company's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. On average, analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were given a $0.31 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 8.00%. Healthcare Realty Trust's dividend payout ratio is presently -69.66%.

Hedge Funds Weigh In On Healthcare Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of HR. Starboard Value LP purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $342,110,000. Norges Bank purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $76,825,000. Rush Island Management LP lifted its stake in shares of Healthcare Realty Trust by 21.2% during 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 buying an additional 2,747,848 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $39,337,000. Finally, Lasalle Investment Management Securities LLC purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $31,398,000.

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.

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