Healthcare Realty Trust Incorporated (NYSE:HR) Short Interest Update

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 9,780,000 shares, a decline of 12.8% from the February 28th total of 11,220,000 shares. Based on an average trading volume of 2,600,000 shares, the short-interest ratio is presently 3.8 days. Currently, 2.8% of the shares of the stock are sold short.

Healthcare Realty Trust Stock Performance

NYSE:HR traded down $0.54 during trading hours on Friday, hitting $16.12. 4,670,119 shares of the company's stock traded hands, compared to its average volume of 3,280,642. Healthcare Realty Trust has a twelve month low of $13.64 and a twelve month high of $18.90. The firm has a market cap of $5.66 billion, a P/E ratio of -9.06 and a beta of 0.97. The stock's fifty day moving average price is $16.66 and its two-hundred day moving average price is $17.15.

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

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Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust's dividend payout ratio (DPR) is currently -69.66%.

Hedge Funds Weigh In On Healthcare Realty Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Starboard Value LP acquired a new stake in Healthcare Realty Trust during the fourth quarter valued at $342,110,000. Rush Island Management LP lifted its holdings in shares of Healthcare Realty Trust by 21.2% during the 4th quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust's stock valued at $265,800,000 after buying an additional 2,747,848 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Healthcare Realty Trust by 12.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust's stock valued at $78,495,000 after buying an additional 495,599 shares in the last quarter. Norges Bank acquired a new position in Healthcare Realty Trust in the fourth quarter worth approximately $76,825,000. Finally, Northern Trust Corp raised its position in Healthcare Realty Trust by 40.3% during the fourth quarter. Northern Trust Corp now owns 4,040,969 shares of the real estate investment trust's stock valued at $68,494,000 after acquiring an additional 1,159,763 shares in the last quarter.

Wall Street Analyst Weigh In

HR has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 target price on the stock. in a report on Friday, December 20th. Scotiabank dropped their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. StockNews.com lowered Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Wedbush restated an "outperform" rating and issued a $16.00 target price on shares of Healthcare Realty Trust in a report on Thursday, February 20th. Finally, Jefferies Financial Group downgraded Healthcare Realty Trust from a "buy" rating to a "hold" rating and reduced their target price for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. Two 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $17.00.

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.