Analysts Set Healthcare Realty Trust Incorporated (NYSE:HR) Target Price at $17.20

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) have been given a consensus rating of "Hold" by the ten research firms that are currently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.20.

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a "hold" rating and a $18.00 target price on the stock. Wedbush downgraded Healthcare Realty Trust from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. decreased their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 6th. Wells Fargo & Company decreased their target price on Healthcare Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 10th. Finally, Stifel Nicolaus downgraded Healthcare Realty Trust from a "buy" rating to a "hold" rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th.

Institutional Investors Weigh In On Healthcare Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC lifted its stake in Healthcare Realty Trust by 47.4% during the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 622 shares during the last quarter. Mastrapasqua Asset Management Inc. lifted its stake in shares of Healthcare Realty Trust by 4.5% in the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 16,690 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 714 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Healthcare Realty Trust by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 166,819 shares of the real estate investment trust's stock valued at $2,547,000 after acquiring an additional 840 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in shares of Healthcare Realty Trust by 2.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 33,928 shares of the real estate investment trust's stock valued at $518,000 after acquiring an additional 856 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Healthcare Realty Trust by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 81,214 shares of the real estate investment trust's stock valued at $1,240,000 after acquiring an additional 953 shares during the last quarter.

Healthcare Realty Trust Trading Up 1.0 %

NYSE:HR traded up $0.14 on Tuesday, hitting $14.38. The company's stock had a trading volume of 3,434,344 shares, compared to its average volume of 3,199,703. The stock has a fifty day moving average of $13.82 and a two-hundred day moving average of $15.08. The firm has a market capitalization of $5.48 billion, a P/E ratio of -19.43 and a beta of 0.79. Healthcare Realty Trust has a one year low of $12.77 and a one year high of $20.32.

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

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, February 26th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.63%. The ex-dividend date of this dividend was Friday, February 23rd. Healthcare Realty Trust's payout ratio is presently -167.57%.

About Healthcare Realty Trust

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.