Healthcare Realty Trust (NYSE:HR) Trading Down 4.6% - Time to Sell?

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

Analysts Set New Price Targets

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

Healthcare Realty Trust Price Performance

The business's 50-day simple moving average is $16.16 and its two-hundred day simple moving average is $16.80. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of -8.52 and a beta of 0.92.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted 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 analyst estimates of $297.39 million. During the same quarter in the previous year, the business posted $0.39 EPS. The business's quarterly revenue was down 9.2% on a year-over-year basis. As a group, sell-side analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 12th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.17%. The ex-dividend date is Monday, May 12th. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -113.76%.

Institutional Trading of Healthcare Realty Trust

Several large investors have recently bought and sold shares of the company. Starboard Value LP purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at $342,110,000. Rush Island Management LP boosted its position in Healthcare Realty Trust by 21.2% in the 4th 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 last quarter. Massachusetts Financial Services Co. MA purchased a new position in Healthcare Realty Trust in the 1st quarter valued at about $100,817,000. Bank of New York Mellon Corp grew its stake in shares of Healthcare Realty Trust by 12.0% during the fourth 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 acquiring an additional 495,599 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $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.