Cantor Fitzgerald restated their buy rating on shares of Healthcare Realty Trust Incorporated (NYSE:HR) in a report issued on Tuesday. The firm currently has a $38.00 price target on the real estate investment trust’s stock.

“2017-18 Outlook. Our normalized FFO estimates are $1.60 per share in 2017 (unchanged) and $1.80 in 2018 (vs. prior $1.75). We are making limited changes to our normalized FFO estimates, despite last week’s equity offering, and estimate that the pending Atlanta deal could add $30 million of rent and push up 2018 a nickel relative to our former FFO estimate. Increased divestitures in 1H17 and the 4Q16 sale of three IRFs diluted 1Q17 FFO by $0.01 and 2Q17 by $0.02, but we expect the proceeds to be reinvested by the end of this year.”,” the firm’s analyst wrote.

A number of other brokerages have also commented on HR. Mizuho reissued a neutral rating on shares of Healthcare Realty Trust in a research report on Wednesday, June 28th. Zacks Investment Research raised shares of Healthcare Realty Trust from a sell rating to a hold rating in a research report on Friday, June 16th. Jefferies Group LLC lowered shares of Healthcare Realty Trust from a buy rating to a hold rating and set a $36.00 price objective on the stock. in a research report on Thursday, June 15th. They noted that the move was a valuation call. BidaskClub raised shares of Healthcare Realty Trust from a hold rating to a buy rating in a research report on Wednesday, June 14th. Finally, Stifel Nicolaus reissued a buy rating on shares of Healthcare Realty Trust in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $34.50.

Healthcare Realty Trust (NYSE HR) opened at 32.40 on Tuesday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 31.15 and a beta of 0.29. The stock’s 50 day moving average is $33.01 and its 200 day moving average is $32.73. Healthcare Realty Trust has a 52 week low of $26.66 and a 52 week high of $36.38.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $105.20 million during the quarter, compared to the consensus estimate of $105.67 million. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. Equities research analysts expect that Healthcare Realty Trust will post $0.73 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 11th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Wednesday, August 9th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently 114.29%.

In other news, Director John Knox Singleton purchased 3,450 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $31.88 per share, with a total value of $109,986.00. Following the completion of the transaction, the director now owns 17,693 shares of the company’s stock, valued at approximately $564,052.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John M. Bryant, Jr. sold 7,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $33.51, for a total transaction of $234,570.00. Following the sale, the insider now directly owns 142,256 shares in the company, valued at $4,766,998.56. The disclosure for this sale can be found here. Corporate insiders own 1.85% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HR. WINTON GROUP Ltd raised its stake in Healthcare Realty Trust by 109.4% in the second quarter. WINTON GROUP Ltd now owns 224,634 shares of the real estate investment trust’s stock valued at $7,671,000 after buying an additional 117,372 shares during the period. Ameritas Investment Partners Inc. raised its stake in Healthcare Realty Trust by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 44,988 shares of the real estate investment trust’s stock valued at $1,536,000 after buying an additional 801 shares during the period. Susquehanna International Group LLP raised its stake in Healthcare Realty Trust by 265.1% in the second quarter. Susquehanna International Group LLP now owns 35,045 shares of the real estate investment trust’s stock valued at $1,197,000 after buying an additional 25,445 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Healthcare Realty Trust by 27.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 10,808 shares of the real estate investment trust’s stock valued at $369,000 after buying an additional 2,317 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Healthcare Realty Trust by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 255,147 shares of the real estate investment trust’s stock valued at $8,713,000 after buying an additional 3,150 shares during the period. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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