Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.20 Consensus Target Price from Analysts

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have received an average recommendation of “Hold” from the ten brokerages that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $17.20.

Several analysts have issued reports on HR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target on the stock. Stifel Nicolaus downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Wedbush lowered shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company cut their price objective on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th.

Healthcare Realty Trust Price Performance

Shares of NYSE HR opened at $14.04 on Tuesday. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $20.32. The company has a market capitalization of $5.35 billion, a PE ratio of -18.97 and a beta of 0.79. The firm’s 50-day moving average is $13.77 and its two-hundred day moving average is $15.07.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The business had revenue of $330.40 million during the quarter, compared to analysts’ expectations of $334.32 million. During the same period last year, the company earned $0.42 EPS. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, analysts forecast that Healthcare Realty Trust will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.83%. The ex-dividend date of this dividend was Friday, February 23rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is -167.57%.

Hedge Funds Weigh In On Healthcare Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Provence Wealth Management Group acquired a new stake in shares of Healthcare Realty Trust in the third quarter worth $25,000. Lindbrook Capital LLC increased its position in shares of Healthcare Realty Trust by 106.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 954 shares in the last quarter. Quent Capital LLC increased its position in shares of Healthcare Realty Trust by 47.4% in the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 622 shares in the last quarter. Muzinich & Co. Inc. increased its position in shares of Healthcare Realty Trust by 98.1% in the fourth 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. Finally, Legacy Financial Group LLC acquired a new stake in shares of Healthcare Realty Trust in the third quarter worth $34,000.

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.