Wells Fargo & Company Lowers Healthcare Realty Trust (NYSE:HR) Price Target to $15.00

Healthcare Realty Trust (NYSE:HR - Free Report) had its target price decreased by Wells Fargo & Company from $16.00 to $15.00 in a research report sent to investors on Monday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the real estate investment trust's stock.

Other equities analysts have also recently issued research reports about the company. Scotiabank cut their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Finally, Wedbush cut their price objective on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, Healthcare Realty Trust presently has a consensus rating of "Hold" and an average price target of $16.80.

Healthcare Realty Trust Stock Performance

HR traded down $0.02 during midday trading on Monday, reaching $14.23. 716,413 shares of the company were exchanged, compared to its average volume of 3,128,421. Healthcare Realty Trust has a one year low of $14.10 and a one year high of $18.90. The stock has a market capitalization of $5.00 billion, a P/E ratio of -7.99 and a beta of 0.92. The stock's 50-day simple moving average is $15.29 and its 200 day simple moving average is $16.36.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm had revenue of $288.86 million for the quarter, compared to analysts' expectations of $297.39 million. During the same quarter last year, the business earned $0.39 earnings per share. The company's revenue was down 9.2% compared to the same quarter last year. On average, research analysts anticipate that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is presently -113.76%.

Insider Activity at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $14.71 per share, with a total value of $36,775.00. Following the transaction, the director now directly owns 56,502 shares of the company's stock, valued at $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Hodges Capital Management Inc. increased its position in shares of Healthcare Realty Trust by 3.1% during the 1st quarter. Hodges Capital Management Inc. now owns 37,365 shares of the real estate investment trust's stock worth $631,000 after purchasing an additional 1,130 shares during the last quarter. Strs Ohio acquired a new position in shares of Healthcare Realty Trust during the 1st quarter worth approximately $4,694,000. Anchor Investment Management LLC acquired a new position in shares of Healthcare Realty Trust during the 1st quarter worth approximately $38,000. Bayforest Capital Ltd increased its position in shares of Healthcare Realty Trust by 262.0% during the 1st quarter. Bayforest Capital Ltd now owns 71,111 shares of the real estate investment trust's stock worth $1,202,000 after purchasing an additional 51,466 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Healthcare Realty Trust by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,209,940 shares of the real estate investment trust's stock worth $37,348,000 after purchasing an additional 103,277 shares during the last quarter.

About Healthcare Realty Trust

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.