Healthcare Realty Trust (NYSE:HR) Trading Down 2.4%

Healthcare Realty Trust Incorporated (NYSE:HR) dropped 2.4% during mid-day trading on Tuesday . The stock traded as low as $18.19 and last traded at $18.20. Approximately 150,416 shares changed hands during trading, a decline of 96% from the average daily volume of 3,544,212 shares. The stock had previously closed at $18.64.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wedbush raised their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company cut shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $17.00 to $16.00 in a research report on Tuesday, July 30th. Finally, Scotiabank lifted their price objective on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Healthcare Realty Trust has an average rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Price Performance

The company has a market cap of $6.82 billion, a PE ratio of -13.55 and a beta of 0.91. The stock’s 50-day moving average is $17.78 and its 200 day moving average is $16.00.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.77). Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The business had revenue of $316.30 million for the quarter, compared to analysts’ expectations of $317.90 million. During the same quarter in the prior year, the company posted $0.39 EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts expect that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.88%. Healthcare Realty Trust’s payout ratio is -93.23%.

Insider Activity

In other news, Director John Knox Singleton acquired 6,500 shares of Healthcare Realty Trust stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now directly owns 57,082 shares in the company, valued at approximately $1,041,175.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Healthcare Realty Trust news, Director John Knox Singleton bought 6,500 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $18.24 per share, with a total value of $118,560.00. Following the completion of the acquisition, the director now directly owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas N. Bohjalian purchased 9,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the purchase, the director now owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. The disclosure for this purchase can be found here. Insiders have purchased a total of 15,728 shares of company stock worth $279,069 over the last 90 days. 0.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in HR. Muzinich & Co. Inc. lifted its stake in Healthcare Realty Trust by 98.1% during the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,079 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Healthcare Realty Trust by 38.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 628 shares during the period. Quarry LP acquired a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $39,000. Principal Securities Inc. purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Healthcare Realty Trust by 260.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,030 shares in the last quarter.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.