Healthcare Realty Trust (NYSE:HR) Shares Down 4.6% - Should You Sell?

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) fell 4.6% during mid-day trading on Friday . The stock traded as low as $15.17 and last traded at $15.16. 2,695,905 shares changed hands during mid-day trading, an increase of 2% from the average session volume of 2,649,789 shares. The stock had previously closed at $15.89.

Wall Street Analyst Weigh In

Several equities analysts have commented on HR shares. Wells Fargo & Company lowered their price target on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. StockNews.com upgraded Healthcare Realty Trust from a "sell" rating to a "hold" rating in a report on Wednesday, April 30th. Wedbush lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Scotiabank cut their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, Healthcare Realty Trust has a consensus rating of "Hold" and a consensus target price of $17.00.

Healthcare Realty Trust Stock Up 0.6 %

The business has a 50-day simple moving average of $16.09 and a two-hundred day simple moving average of $16.77. The stock has a market capitalization of $5.37 billion, a P/E ratio of -8.60 and a beta of 0.92.

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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. The business had revenue of $288.86 million during the quarter, compared to analysts' expectations of $297.39 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 earnings per share. On average, sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 12th will be paid a $0.31 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a yield of 8.10%. Healthcare Realty Trust's payout ratio is presently -113.76%.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC raised its holdings in Healthcare Realty Trust by 31.0% in the fourth quarter. Capital Investment Advisors LLC now owns 469,323 shares of the real estate investment trust's stock worth $7,955,000 after purchasing an additional 111,125 shares during the period. Proficio Capital Partners LLC acquired a new position in Healthcare Realty Trust in the fourth quarter valued at about $440,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Healthcare Realty Trust by 3,419.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 28,510 shares of the real estate investment trust's stock valued at $483,000 after purchasing an additional 27,700 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Healthcare Realty Trust during the 4th quarter worth approximately $399,000. Finally, Barclays PLC boosted its holdings in shares of Healthcare Realty Trust by 116.2% in the third quarter. Barclays PLC now owns 722,582 shares of the real estate investment trust's stock valued at $13,117,000 after buying an additional 388,305 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.