Healthcare Realty Trust Incorporated (HR) – What Are Brokerages Saying About This Stock?

Healthcare Realty Trust Incorporated (NYSE:HR) has been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $21.36.

HR has been the topic of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Healthcare Realty Trust in a report on Wednesday, October 28th. UBS Group lowered their target price on Healthcare Realty Trust from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Cantor Fitzgerald lifted their price target on Healthcare Realty Trust from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $18.00 to $23.00 in a research report on Tuesday, October 20th. Finally, Royal Bank Of Canada upped their price target on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th.

Healthcare Realty Trust Price Performance

Shares of HR opened at $19.32 on Wednesday. The company has a market capitalization of $6.54 billion, a P/E ratio of -138.04 and a beta of 0.92. Healthcare Realty Trust has a one year low of $16.31 and a one year high of $22.04. The business’s 50 day simple moving average is $18.18 and its 200-day simple moving average is $18.89.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.46). Healthcare Realty Trust had a negative return on equity of 1.02% and a negative net margin of 3.96%. The business had revenue of $286.64 million for the quarter, compared to the consensus estimate of $275.27 million. During the same quarter last year, the company earned $0.41 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Healthcare Realty Trust will post 1.66 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.0%. The ex-dividend date is Tuesday, November 10th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -685.71%.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, COO Robert Hull sold 21,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $19.11, for a total transaction of $401,310.00. Following the completion of the sale, the chief operating officer directly owned 276,338 shares of the company’s stock, valued at approximately $5,280,819.18. The trade was a 7.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Healthcare Realty Trust

A number of large investors have recently made changes to their positions in HR. Versant Capital Management Inc lifted its position in Healthcare Realty Trust by 48.2% in the 2nd quarter. Versant Capital Management Inc now owns 2,274 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 740 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Healthcare Realty Trust by 1.1% in the first quarter. State of Michigan Retirement System now owns 83,953 shares of the real estate investment trust’s stock valued at $1,426,000 after buying an additional 900 shares in the last quarter. Taylor Frigon Capital Management LLC increased its stake in shares of Healthcare Realty Trust by 1.0% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 93,136 shares of the real estate investment trust’s stock worth $1,652,000 after purchasing an additional 929 shares during the last quarter. Continuum Advisory LLC acquired a new position in Healthcare Realty Trust during the second quarter worth approximately $26,000. Finally, IFP Advisors Inc raised its stake in Healthcare Realty Trust by 310.4% in the 2nd quarter. IFP Advisors Inc now owns 1,773 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 1,341 shares during the period.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated is a real estate investment trust that owns, leases, and operates healthcare properties, with a focus on outpatient medical buildings. Its tenants include health systems, physician groups, and other healthcare providers. The company’s activities include leasing and managing medical office space, as well as acquiring and developing properties. Many of its buildings are located near hospitals or other healthcare campuses, supporting providers’ outpatient services.