Analysts Set Healthcare Realty Trust Incorporated (NYSE:HR) PT at $17.30

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) have been assigned a consensus rating of "Hold" from the ten analysts that are covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.30.

HR has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, March 6th. Stifel Nicolaus lowered Healthcare Realty Trust from a "buy" rating to a "hold" rating and dropped their target price for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a "hold" rating and a $18.00 target price on the stock. Finally, Wedbush downgraded Healthcare Realty Trust from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $19.00 to $15.00 in a research note on Tuesday, February 20th.

Healthcare Realty Trust Price Performance

Shares of NYSE HR traded up $0.21 during midday trading on Friday, hitting $14.15. 3,777,406 shares of the company's stock were exchanged, compared to its average volume of 3,319,059. Healthcare Realty Trust has a twelve month low of $12.77 and a twelve month high of $20.32. The company has a market cap of $5.39 billion, a PE ratio of -19.12 and a beta of 0.79. The firm's fifty day simple moving average is $14.51 and its 200-day simple moving average is $15.27.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.51). The firm had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The company's quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. Equities analysts anticipate that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were given a $0.31 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.24 annualized dividend and a dividend yield of 8.76%. Healthcare Realty Trust's dividend payout ratio is currently -167.57%.

Hedge Funds Weigh In On Healthcare Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB increased its stake in Healthcare Realty Trust by 18.3% during the fourth quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust's stock worth $33,405,000 after acquiring an additional 297,603 shares during the last quarter. Gilman Hill Asset Management LLC purchased a new stake in shares of Healthcare Realty Trust in the third quarter worth about $174,000. HGK Asset Management Inc. boosted its position in shares of Healthcare Realty Trust by 14.1% in the third quarter. HGK Asset Management Inc. now owns 28,676 shares of the real estate investment trust's stock worth $438,000 after buying an additional 3,535 shares during the period. New York Life Investment Management LLC boosted its position in shares of Healthcare Realty Trust by 81.3% in the third quarter. New York Life Investment Management LLC now owns 47,537 shares of the real estate investment trust's stock worth $726,000 after buying an additional 21,315 shares during the period. Finally, Beach Investment Counsel Inc. PA boosted its position in shares of Healthcare Realty Trust by 148.6% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust's stock worth $29,136,000 after buying an additional 1,010,841 shares during the period.

Healthcare Realty Trust Company Profile

Healthcare Realty NYSE: HR is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.