Healthcare Realty Trust Incorporated (NYSE:HR) Stock Has Average Target Price of $21.36 According to Analysts

Healthcare Realty Trust Incorporated (NYSE:HR) has earned an average rating of “Hold” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $21.36.

A number of equities analysts recently commented on HR shares. UBS Group decreased their target price on shares of Healthcare Realty Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Wells Fargo & Company dropped their price target on shares of Healthcare Realty Trust from $20.00 to $18.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Deutsche Bank Aktiengesellschaft upgraded shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $23.00 in a research report on Tuesday, October 20th. Jefferies Financial Group started coverage on Healthcare Realty Trust in a report on Tuesday, September 15th. They issued a “hold” rating and a $20.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Healthcare Realty Trust in a research note on Wednesday, October 28th.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, COO Robert Hull sold 21,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.11, for a total transaction of $401,310.00. Following the transaction, the chief operating officer directly owned 276,338 shares of the company’s stock, valued at $5,280,819.18. This trade represents a 7.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC acquired a new stake in shares of Healthcare Realty Trust during the 2nd quarter worth approximately $26,000. Pathway Financial Advisers LLC bought a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at about $25,000. TD Waterhouse Canada Inc. acquired a new stake in Healthcare Realty Trust during the 3rd quarter worth approximately $28,000. William Mack & Associates Inc. purchased a new position in shares of Healthcare Realty Trust during the 3rd quarter valued at $30,000. Finally, IFP Advisors Inc raised its position in Healthcare Realty Trust by 310.4% during the 2nd quarter. IFP Advisors Inc now owns 1,773 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 1,341 shares during the last quarter.

Healthcare Realty Trust Stock Up 0.6%

HR stock opened at $19.19 on Wednesday. The company has a market capitalization of $6.58 billion, a P/E ratio of -137.06 and a beta of 0.92. The company has a 50-day simple moving average of $18.16 and a 200 day simple moving average of $18.86. Healthcare Realty Trust has a fifty-two week low of $16.31 and a fifty-two week high of $22.04.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.46). The business had revenue of $286.64 million for the quarter, compared to the consensus estimate of $275.27 million. Healthcare Realty Trust had a negative return on equity of 1.02% and a negative net margin of 3.96%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Equities analysts anticipate that Healthcare Realty Trust will post 1.66 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, November 10th. Healthcare Realty Trust’s dividend payout ratio is presently -685.71%.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated (NYSE: HR) is a real estate investment trust focused on owning, managing, acquiring and developing outpatient healthcare properties. Its portfolio primarily includes medical office buildings, ambulatory surgery centers, outpatient facilities and other properties used by healthcare providers.

The company leases space to health systems, physician groups and other healthcare organizations, with properties generally located on or near hospital campuses and in growing outpatient care settings.