Healthcare Realty Trust (NYSE:HR) Given New $15.00 Price Target at Wells Fargo & Company

Healthcare Realty Trust (NYSE:HR - Get Free Report) had its price objective lowered by analysts at Wells Fargo & Company from $18.00 to $15.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would indicate a potential upside of 6.76% from the company's current price.

HR has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Healthcare Realty Trust in a research note on Tuesday, January 30th. They issued a "hold" rating and a $18.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 6th. Wedbush cut shares of Healthcare Realty Trust from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Finally, Stifel Nicolaus cut shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.20.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock traded down $0.54 during mid-day trading on Wednesday, reaching $14.05. 3,635,256 shares of the company traded hands, compared to its average volume of 3,223,988. The firm's 50 day moving average price is $14.13 and its 200 day moving average price is $15.14. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of -18.99 and a beta of 0.79. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $20.32.

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

Institutional Investors Weigh In On Healthcare Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HR. Provence Wealth Management Group purchased a new stake in Healthcare Realty Trust during the 3rd quarter valued at approximately $25,000. Sunbelt Securities Inc. purchased a new stake in Healthcare Realty Trust during the 1st quarter valued at approximately $31,000. Lindbrook Capital LLC boosted its position in shares of Healthcare Realty Trust by 106.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 954 shares during the last quarter. Quent Capital LLC boosted its position in shares of Healthcare Realty Trust by 47.4% during the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 622 shares during the last quarter. Finally, Legacy Financial Group LLC bought a new position in shares of Healthcare Realty Trust during the 3rd quarter valued at approximately $34,000.

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.