Healthcare Realty Trust Incorporated (HR) – What Are Investment Firms Thinking About This Stock?

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been given an average recommendation of “Hold” by the twelve analysts that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $21.36.

HR has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Healthcare Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $18.00 to $23.00 in a report on Tuesday, October 20th. Cantor Fitzgerald raised their price target on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. UBS Group decreased their price target on shares of Healthcare Realty Trust from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Royal Bank Of Canada boosted their price objective on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthcare Realty Trust in a research note on Wednesday, October 28th.

Healthcare Realty Trust Trading Down 0.1%

NYSE:HR opened at $19.19 on Wednesday. The business’s fifty day moving average price is $18.16 and its 200 day moving average price is $18.86. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of -137.06 and a beta of 0.92. Healthcare Realty Trust has a 1-year low of $16.31 and a 1-year high of $22.04.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.46). Healthcare Realty Trust had a negative return on equity of 1.02% and a negative net margin of 3.96%. The business had revenue of $286.64 million for the quarter, compared to analyst estimates of $275.27 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The company’s revenue was down 3.4% compared to the same quarter last year. Equities analysts forecast that Healthcare Realty Trust will post 1.66 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.0%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -685.71%.

Insider Activity

In other news, COO Robert Hull sold 21,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.11, for a total transaction of $401,310.00. Following the transaction, the chief operating officer directly owned 276,338 shares in the company, valued at $5,280,819.18. The trade was a 7.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is owned by company insiders.

Institutional Trading of Healthcare Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of HR. Aberdeen Group plc raised its holdings in shares of Healthcare Realty Trust by 2.4% during the 3rd quarter. Aberdeen Group plc now owns 384,459 shares of the real estate investment trust’s stock valued at $6,820,000 after purchasing an additional 8,885 shares in the last quarter. Money Concepts Capital Corp acquired a new stake in shares of Healthcare Realty Trust in the 3rd quarter valued at $283,000. Marble Harbor Investment Counsel LLC bought a new stake in Healthcare Realty Trust in the third quarter worth $16,020,000. New Mexico Educational Retirement Board bought a new stake in Healthcare Realty Trust in the third quarter worth $1,380,000. Finally, Maryland State Retirement & Pension System boosted its holdings in Healthcare Realty Trust by 24.4% in the third quarter. Maryland State Retirement & Pension System now owns 20,556 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 4,026 shares in the last quarter.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated is a real estate investment trust that owns, leases, and operates healthcare properties, with a focus on outpatient medical buildings. Its tenants include health systems, physician groups, and other healthcare providers.

The company’s activities include leasing and managing medical office space, as well as acquiring and developing properties. Many of its buildings are located near hospitals or other healthcare campuses, supporting providers’ outpatient services.

Founded in 1992 and headquartered in Nashville, Tennessee, Healthcare Realty serves healthcare markets across the United States.