Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.00 Average Target Price from Analysts

Healthcare Realty Trust Incorporated (NYSE:HR) has earned an average rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.00.

A number of research analysts recently issued reports on the company. StockNews.com raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday. Wedbush reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. 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 research note on Friday, December 20th. Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. Finally, Scotiabank decreased their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th.

Healthcare Realty Trust Stock Up 0.1 %

Shares of HR stock opened at $16.77 on Friday. The company has a market capitalization of $5.88 billion, a P/E ratio of -9.42 and a beta of 0.97. Healthcare Realty Trust has a 12-month low of $12.91 and a 12-month high of $18.90. The firm has a 50-day moving average price of $16.59 and a 200 day moving average price of $17.29.

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

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend is Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is presently -69.66%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HR. Wealth Enhancement Advisory Services LLC increased its holdings in Healthcare Realty Trust by 21.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 53,501 shares of the real estate investment trust’s stock valued at $907,000 after purchasing an additional 9,467 shares during the last quarter. Comprehensive Money Management Services LLC acquired a new position in shares of Healthcare Realty Trust during the 4th quarter worth about $290,000. Employees Retirement System of Texas bought a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at about $3,390,000. AlphaCore Capital LLC acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at approximately $375,000. Finally, Mackenzie Financial Corp boosted its stake in Healthcare Realty Trust by 234.9% during the 4th quarter. Mackenzie Financial Corp now owns 56,987 shares of the real estate investment trust’s stock worth $966,000 after acquiring an additional 39,969 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.