Healthcare Realty Trust (NYSE:HR) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Healthcare Realty Trust (NYSE:HR - Free Report) from a hold rating to a sell rating in a research report report published on Thursday.

Several other brokerages have also issued reports on HR. Jefferies Financial Group lowered shares of 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 research note on Thursday, January 2nd. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research note on Friday, December 20th. Wedbush reiterated an "outperform" rating and set a $16.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Scotiabank cut their price target 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. Finally, Wells Fargo & Company dropped their price objective on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $17.00.

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Healthcare Realty Trust Stock Up 0.6 %

HR stock traded up $0.10 during trading on Thursday, hitting $16.86. The company had a trading volume of 493,643 shares, compared to its average volume of 3,261,342. The firm has a 50-day moving average price of $16.66 and a 200-day moving average price of $17.21. Healthcare Realty Trust has a 12 month low of $13.64 and a 12 month high of $18.90. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of -9.47 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results 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 return on equity of 11.20% and a negative net margin of 51.60%. The company had revenue of $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The firm's quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.35%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust's dividend payout ratio is currently -69.66%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HR. Cerity Partners LLC lifted its holdings in shares of Healthcare Realty Trust by 106.4% during the 3rd quarter. Cerity Partners LLC now owns 77,545 shares of the real estate investment trust's stock valued at $1,407,000 after purchasing an additional 39,975 shares in the last quarter. CreativeOne Wealth LLC bought a new position in Healthcare Realty Trust in the third quarter valued at approximately $213,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Healthcare Realty Trust by 358.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,110 shares of the real estate investment trust's stock valued at $38,879,000 after buying an additional 1,674,583 shares during the period. Walleye Capital LLC acquired a new position in shares of Healthcare Realty Trust in the third quarter valued at approximately $965,000. Finally, Captrust Financial Advisors raised its holdings in shares of Healthcare Realty Trust by 27.2% during the third quarter. Captrust Financial Advisors now owns 31,562 shares of the real estate investment trust's stock worth $573,000 after acquiring an additional 6,747 shares during the period.

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.