Analysts Set Healthcare Realty Trust Incorporated (NYSE:HR) PT at $17.00

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) have been assigned an average rating of "Reduce" from the five ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.40.

HR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 price objective for the company. in a report on Friday, December 20th. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and decreased their price target for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd. Finally, Wedbush downgraded Healthcare Realty Trust from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $18.00 to $16.00 in a report on Thursday, January 2nd.

Healthcare Realty Trust Stock Performance

HR stock traded down $0.18 during mid-day trading on Monday, reaching $16.60. 3,179,164 shares of the stock traded hands, compared to its average volume of 2,426,320. Healthcare Realty Trust has a one year low of $12.77 and a one year high of $18.90. The business has a 50-day moving average price of $16.68 and a two-hundred day moving average price of $17.42. The stock has a market capitalization of $5.88 billion, a PE ratio of -10.50 and a beta of 0.94.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 9.42% and a negative net margin of 45.63%. The company had revenue of $309.77 million for the quarter, compared to the consensus estimate of $303.81 million. During the same quarter in the prior year, the company posted $0.39 EPS. Healthcare Realty Trust's quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts expect that Healthcare Realty Trust will post 1.55 earnings per share 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. Shareholders of record on Monday, March 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 7.47%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -78.48%.

Insider Activity

In related news, COO Robert E. Hull sold 10,000 shares of the company's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the transaction, the chief operating officer now directly owns 171,400 shares of the company's stock, valued at $2,996,072. This represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas N. Bohjalian purchased 7,750 shares of the stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of $17.39 per share, with a total value of $134,772.50. Following the acquisition, the director now owns 50,002 shares of the company's stock, valued at approximately $869,534.78. This represents a 18.34 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 18,750 shares of company stock worth $323,723. 0.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Capital Investment Advisors LLC increased its position in shares of Healthcare Realty Trust by 31.0% in the 4th quarter. Capital Investment Advisors LLC now owns 469,323 shares of the real estate investment trust's stock valued at $7,955,000 after acquiring an additional 111,125 shares during the period. Cerity Partners LLC boosted its position in Healthcare Realty Trust by 106.4% in the third quarter. Cerity Partners LLC now owns 77,545 shares of the real estate investment trust's stock valued at $1,407,000 after buying an additional 39,975 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Healthcare Realty Trust in the 3rd quarter worth approximately $849,000. Stifel Financial Corp raised its position in Healthcare Realty Trust by 13.4% during the 3rd quarter. Stifel Financial Corp now owns 84,728 shares of the real estate investment trust's stock worth $1,538,000 after buying an additional 10,044 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Healthcare Realty Trust during the 3rd quarter valued at approximately $1,471,000.

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.