Healthcare Realty Trust (NYSE:HR) Given New $17.00 Price Target at Scotiabank

Healthcare Realty Trust (NYSE:HR) had its target price decreased by Scotiabank from $18.00 to $17.00 in a research report report published on Tuesday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on HR. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, December 20th. Wedbush reissued an “outperform” rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Finally, Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.20.

Healthcare Realty Trust Stock Performance

Shares of Healthcare Realty Trust stock opened at $16.89 on Tuesday. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of -9.49 and a beta of 0.94. The company’s 50 day moving average price is $16.63 and its 200-day moving average price is $17.38.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $309.77 million for the quarter, compared to analysts’ expectations of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 earnings per share. As a group, equities research analysts forecast that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 7.34%. The ex-dividend date of this dividend is Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is presently -69.66%.

Insider Transactions at Healthcare Realty Trust

In other news, COO Robert E. Hull sold 10,000 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total value of $174,800.00. Following the completion of the transaction, the chief operating officer now owns 171,400 shares of the company’s stock, valued at $2,996,072. The trade was a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Large investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in shares of Healthcare Realty Trust by 59.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 612 shares during the last quarter. Blue Trust Inc. raised its position in Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 925 shares during the last quarter. Synergy Investment Management LLC purchased a new position in Healthcare Realty Trust in the 4th quarter worth about $36,000. Lazard Asset Management LLC purchased a new position in Healthcare Realty Trust in the 4th quarter worth about $45,000. Finally, Jones Financial Companies Lllp raised its position in Healthcare Realty Trust by 68.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,249 shares during the last quarter.

Healthcare Realty Trust Company Profile

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.