Healthcare Realty Trust (NYSE:HR) Price Target Lowered to $16.00 at Wells Fargo & Company

Healthcare Realty Trust (NYSE:HR) had its price objective decreased by Wells Fargo & Company from $17.00 to $16.00 in a research note published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on the company. Scotiabank cut their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Wedbush reissued an “outperform” rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. StockNews.com cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, December 20th. Finally, Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $17.00.

Healthcare Realty Trust Price Performance

NYSE:HR opened at $16.68 on Monday. The firm’s 50-day moving average price is $16.61 and its 200-day moving average price is $17.34. The company has a market capitalization of $5.85 billion, a PE ratio of -9.37 and a beta of 0.97. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business had revenue of $309.77 million for the quarter, compared to analysts’ expectations of $303.81 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. Equities analysts anticipate that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.43%. The ex-dividend date is Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is currently -69.66%.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $17.21 per share, for a total transaction of $172,100.00. Following the purchase, the director now directly owns 26,576 shares of the company’s stock, valued at approximately $457,372.96. This trade represents a 60.33 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Healthcare Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in shares of Healthcare Realty Trust by 59.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 612 shares during the period. Blue Trust Inc. lifted 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 valued at $30,000 after purchasing an additional 925 shares in the last quarter. Synergy Investment Management LLC bought a new stake in Healthcare Realty Trust during the fourth quarter valued at about $36,000. Lazard Asset Management LLC purchased a new stake in Healthcare Realty Trust in the fourth quarter worth about $45,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Healthcare Realty Trust by 68.7% in the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,249 shares during the period.

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.