Healthcare Realty Trust Incorporated (NYSE:HR) Given Average Recommendation of “Hold” by Analysts

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.14.

HR has been the topic of a number of research analyst reports. Wells Fargo & Company restated an “underweight” rating and set a $17.00 price target (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. Wedbush boosted their target price on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Scotiabank raised their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th.

Insiders Place Their Bets

In other Healthcare Realty Trust news, Director John Knox Singleton bought 6,500 shares of Healthcare Realty Trust stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $18.24 per share, with a total value of $118,560.00. Following the transaction, the director now directly owns 57,082 shares of the company’s stock, valued at $1,041,175.68. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Thomas N. Bohjalian acquired 9,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $17.39 per share, with a total value of $156,510.00. Following the transaction, the director now directly owns 22,252 shares in the company, valued at approximately $386,962.28. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Knox Singleton bought 6,500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the acquisition, the director now directly owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 15,728 shares of company stock worth $279,069. 0.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Several large investors have recently modified their holdings of HR. Allspring Global Investments Holdings LLC raised its holdings in Healthcare Realty Trust by 38.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 628 shares during the last quarter. Quarry LP purchased a new position in shares of Healthcare Realty Trust in the fourth quarter worth $39,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Healthcare Realty Trust by 260.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,030 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Healthcare Realty Trust by 67.2% during the second quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 2,238 shares during the last quarter. Finally, Graypoint LLC bought a new stake in Healthcare Realty Trust in the 1st quarter worth about $147,000.

Healthcare Realty Trust Stock Down 2.2 %

Shares of NYSE HR opened at $17.82 on Tuesday. The firm’s fifty day moving average is $17.83 and its 200 day moving average is $16.69. Healthcare Realty Trust has a 52 week low of $12.77 and a 52 week high of $18.90. The company has a market cap of $6.75 billion, a price-to-earnings ratio of -13.40 and a beta of 0.91.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). The firm had revenue of $316.30 million during the quarter, compared to analysts’ expectations of $317.90 million. Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. Healthcare Realty Trust’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities research analysts anticipate that Healthcare Realty Trust will post 1.55 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.24 annualized dividend and a yield of 6.96%. Healthcare Realty Trust’s payout ratio is -93.23%.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.