Healthcare Realty Trust (NYSE:HR) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Healthcare Realty Trust (NYSE:HR) from a hold rating to a sell rating in a report published on Thursday.

HR has been the topic of several other reports. Wells Fargo & Company decreased their price target on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Wedbush restated an “outperform” rating and set a $16.00 price target on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Friday, December 20th. Jefferies Financial Group cut 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. Finally, Scotiabank decreased their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and a consensus price target of $17.00.

Healthcare Realty Trust Stock Performance

HR opened at $16.76 on Thursday. Healthcare Realty Trust has a twelve month low of $13.64 and a twelve month high of $18.90. The business has a 50 day moving average price of $16.66 and a 200 day moving average price of $17.22. The firm has a market cap of $5.88 billion, a P/E ratio of -9.41 and a beta of 0.97.

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

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.40%. Healthcare Realty Trust’s dividend payout ratio is -69.66%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in Healthcare Realty Trust by 59.0% in the fourth 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 period. Blue Trust Inc. lifted its stake in shares of 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 valued at $30,000 after purchasing an additional 925 shares during the period. Synergy Investment Management LLC bought a new position in shares of Healthcare Realty Trust in the 4th quarter worth $36,000. Lazard Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust during the fourth quarter worth $45,000. Finally, Jones Financial Companies Lllp increased its holdings in Healthcare Realty Trust by 68.7% in the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,249 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.