Healthcare Realty Trust (NYSE:HR) Price Target Raised to $16.00 at Wedbush

Healthcare Realty Trust (NYSE:HR) had its price objective upped by Wedbush from $15.00 to $16.00 in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

HR has been the topic of a number of other reports. Wells Fargo & Company reduced their price target on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an equal weight rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an overweight rating on the stock in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft started coverage on Healthcare Realty Trust in a research note on Tuesday, January 30th. They issued a hold rating and a $18.00 price target for the company. Finally, Stifel Nicolaus lowered Healthcare Realty Trust from a buy rating to a hold rating and reduced their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $17.30.

Healthcare Realty Trust Stock Down 0.6 %

Shares of NYSE:HR opened at $15.32 on Wednesday. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $20.30. The company’s 50 day moving average price is $13.95 and its two-hundred day moving average price is $15.06. The firm has a market cap of $5.84 billion, a PE ratio of -20.70 and a beta of 0.78.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.51). The company had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. On average, research analysts expect that Healthcare Realty Trust will post 1.56 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 annualized dividend and a dividend yield of 8.10%. Healthcare Realty Trust’s payout ratio is -167.57%.

Institutional Trading of Healthcare Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Provence Wealth Management Group purchased a new position in shares of Healthcare Realty Trust in the third quarter valued at about $25,000. Lindbrook Capital LLC raised its stake in Healthcare Realty Trust by 106.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 954 shares in the last quarter. Quent Capital LLC grew its holdings in shares of Healthcare Realty Trust by 47.4% during the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 622 shares during the period. Muzinich & Co. Inc. boosted its position in shares of Healthcare Realty Trust by 98.1% during the fourth quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Quarry LP purchased a new stake in Healthcare Realty Trust in the fourth quarter worth $39,000.

About Healthcare Realty Trust

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.