Wells Fargo & Company Cuts Healthcare Realty Trust (NYSE:HR) Price Target to $15.00

Healthcare Realty Trust (NYSE:HR) had its price objective cut by Wells Fargo & Company from $16.00 to $15.00 in a research note released on Monday morning,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

Several other analysts have also commented on HR. Wedbush lowered their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Wall Street Zen lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. Finally, Scotiabank dropped their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $16.80.

Healthcare Realty Trust Price Performance

NYSE HR opened at $14.26 on Monday. The business has a 50 day moving average price of $15.29 and a 200 day moving average price of $16.36. The company has a market capitalization of $5.01 billion, a P/E ratio of -8.01 and a beta of 0.92. Healthcare Realty Trust has a 1-year low of $14.12 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $288.86 million for the quarter, compared to analyst estimates of $297.39 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. Healthcare Realty Trust’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. On average, research analysts expect that Healthcare Realty Trust will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust’s dividend payout ratio is presently -113.76%.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the acquisition, the director now directly owns 56,502 shares of the company’s stock, valued at $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

Large investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of Healthcare Realty Trust during the 1st quarter valued at about $26,000. Smartleaf Asset Management LLC grew its holdings 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 valued at $27,000 after purchasing an additional 612 shares during the period. Blue Trust Inc. increased its position in Healthcare Realty Trust by 130.3% during the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 925 shares during the last quarter. SVB Wealth LLC acquired a new position in Healthcare Realty Trust during the first quarter worth approximately $35,000. Finally, Synergy Investment Management LLC purchased a new position in Healthcare Realty Trust during the fourth quarter worth approximately $36,000.

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.