Healthcare Realty Trust Incorporated (NYSE:HR) Receives Average Rating of "Reduce" from Analysts

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) has received a consensus rating of "Reduce" from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $17.00.

Several equities research analysts have commented on the stock. Wedbush upgraded shares of Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 target price for the company. in a research note on Friday, December 20th. StockNews.com cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Scotiabank reduced their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company cut their target price on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th.

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Healthcare Realty Trust Stock Performance

Shares of HR stock traded up $0.23 during midday trading on Tuesday, reaching $15.39. 3,296,314 shares of the company were exchanged, compared to its average volume of 3,307,293. The company's 50 day moving average price is $16.46 and its two-hundred day moving average price is $17.03. The company has a market cap of $5.40 billion, a P/E ratio of -8.64 and a beta of 0.85. Healthcare Realty Trust has a 12 month low of $13.64 and a 12 month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm had revenue of $309.77 million for the quarter, compared to analysts' expectations of $303.81 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.06%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust's payout ratio is -69.66%.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors have recently bought and sold shares of HR. Peak Financial Advisors LLC boosted its holdings in shares of Healthcare Realty Trust by 6.8% during the first quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust's stock worth $193,000 after purchasing an additional 728 shares during the period. GAMMA Investing LLC boosted its stake in shares of Healthcare Realty Trust by 1,650.4% during the 1st quarter. GAMMA Investing LLC now owns 138,022 shares of the real estate investment trust's stock valued at $23,330,000 after buying an additional 130,137 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Healthcare Realty Trust by 21.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,501 shares of the real estate investment trust's stock valued at $907,000 after acquiring an additional 9,467 shares in the last quarter. Comprehensive Money Management Services LLC acquired a new position in shares of Healthcare Realty Trust in the fourth quarter worth $290,000. Finally, Employees Retirement System of Texas purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth $3,390,000.

About Healthcare Realty Trust

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.