Healthcare Realty Trust (NYSE:HR) Hits New 12-Month Low Following Analyst Downgrade

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) shares hit a new 52-week low on Tuesday after Wells Fargo & Company lowered their price target on the stock from $16.00 to $15.00. Wells Fargo & Company currently has an underweight rating on the stock. Healthcare Realty Trust traded as low as $14.12 and last traded at $14.18, with a volume of 181583 shares trading hands. The stock had previously closed at $14.36.

A number of other research analysts have also recently issued reports on HR. 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 report on Monday, May 5th. Scotiabank lowered 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 research report on Tuesday, February 25th. Finally, Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $16.80.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian acquired 2,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of $14.71 per share, with a total value of $36,775.00. Following the completion of the acquisition, the director now directly owns 56,502 shares of the company's stock, valued at approximately $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HR. Golden State Wealth Management LLC bought a new position in Healthcare Realty Trust in the first quarter worth approximately $26,000. Smartleaf Asset Management LLC raised its position 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 worth $27,000 after acquiring an additional 612 shares during the period. Blue Trust Inc. raised its position in Healthcare Realty Trust by 130.3% in the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 925 shares during the period. SVB Wealth LLC bought a new position in Healthcare Realty Trust in the first quarter worth approximately $35,000. Finally, Synergy Investment Management LLC bought a new position in Healthcare Realty Trust in the fourth quarter worth approximately $36,000.

Healthcare Realty Trust Price Performance

The firm has a market cap of $5.01 billion, a PE ratio of -8.01 and a beta of 0.92. The company's 50 day moving average price is $15.34 and its two-hundred day moving average price is $16.38.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting the consensus estimate 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 for 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 business's revenue for the quarter was down 9.2% on a year-over-year basis. On average, analysts expect that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is presently -113.76%.

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.