Scotiabank Issues Pessimistic Forecast for Healthcare Realty Trust (NYSE:HR) Stock Price

Healthcare Realty Trust (NYSE:HR - Free Report) had its price target trimmed by Scotiabank from $18.00 to $17.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust's stock.

HR has been the topic of several other reports. Wedbush reiterated an "outperform" rating and issued a $16.00 target price on shares of Healthcare Realty Trust in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered 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. Finally, Jefferies Financial Group lowered shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Healthcare Realty Trust currently has a consensus rating of "Hold" and an average target price of $17.20.

Healthcare Realty Trust Stock Up 1.8 %

NYSE:HR traded up $0.30 on Tuesday, hitting $17.11. The stock had a trading volume of 6,297,769 shares, compared to its average volume of 2,497,274. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of -9.61 and a beta of 0.94. The company has a fifty day moving average price of $16.63 and a two-hundred day moving average price of $17.37. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $18.90.

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

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 7.25%. Healthcare Realty Trust's dividend payout ratio is currently -69.66%.

Insider Transactions at Healthcare Realty Trust

In related news, COO Robert E. Hull sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total transaction of $174,800.00. Following the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.56% of the company's stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Several large investors have recently added to or reduced their stakes in HR. Private Advisor Group LLC increased its stake in Healthcare Realty Trust by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust's stock worth $551,000 after buying an additional 1,062 shares during the period. International Assets Investment Management LLC increased its stake in Healthcare Realty Trust by 559.8% during the 3rd quarter. International Assets Investment Management LLC now owns 123,692 shares of the real estate investment trust's stock worth $22,450,000 after buying an additional 104,944 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Healthcare Realty Trust by 33.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,693 shares of the real estate investment trust's stock worth $267,000 after buying an additional 3,715 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Healthcare Realty Trust by 5.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 44,034 shares of the real estate investment trust's stock valued at $799,000 after purchasing an additional 2,446 shares during the last quarter. Finally, abrdn plc increased its position in shares of Healthcare Realty Trust by 2.6% in the 3rd quarter. abrdn plc now owns 252,889 shares of the real estate investment trust's stock valued at $4,590,000 after purchasing an additional 6,419 shares during the last quarter.

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.