Healthcare Realty Trust Incorporated (NYSE:HR) Given Average Recommendation of “Hold” by Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.00.

A number of research firms have recently weighed in on HR. Scotiabank raised their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company downgraded 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 report on Tuesday, July 30th. Finally, Wedbush boosted their price target on Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th.

Healthcare Realty Trust Stock Performance

Shares of Healthcare Realty Trust stock opened at $17.90 on Friday. The company has a market capitalization of $6.78 billion, a PE ratio of -13.46 and a beta of 0.91. The company has a 50-day simple moving average of $17.80 and a two-hundred day simple moving average of $16.02. Healthcare Realty Trust has a one year low of $12.77 and a one year high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted 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). The firm had revenue of $316.30 million for the quarter, compared to the consensus estimate of $317.90 million. Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. On average, equities analysts predict that Healthcare Realty Trust will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio is presently -93.23%.

Insider Transactions at Healthcare Realty Trust

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

Institutional Investors Weigh In On Healthcare Realty Trust

Hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its stake in shares of Healthcare Realty Trust by 52.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock valued at $154,833,000 after purchasing an additional 3,758,040 shares in the last quarter. Norges Bank purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $59,352,000. APG Asset Management US Inc. raised its stake in shares of Healthcare Realty Trust by 12.0% during the 4th quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock worth $216,527,000 after buying an additional 1,348,529 shares during the period. Vanguard Group Inc. lifted its position in shares of Healthcare Realty Trust by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock valued at $767,585,000 after buying an additional 723,197 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Healthcare Realty Trust in the 2nd quarter valued at $10,304,000.

Healthcare Realty Trust Company Profile

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.