Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $31.57.
A number of equities analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating and issued a $34.00 price target on shares of Healthcare Realty Trust in a research note on Thursday, December 14th. KeyCorp reiterated an “equal weight” rating on shares of Healthcare Realty Trust in a research note on Friday, December 22nd. BMO Capital Markets downgraded Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a research note on Tuesday, January 9th. SunTrust Banks set a $32.00 price target on Healthcare Realty Trust and gave the stock a “hold” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st.
A number of hedge funds have recently modified their holdings of HR. Quantbot Technologies LP acquired a new position in Healthcare Realty Trust in the third quarter valued at approximately $130,000. Wolverine Asset Management LLC acquired a new position in Healthcare Realty Trust in the fourth quarter valued at approximately $204,000. Dynamic Technology Lab Private Ltd acquired a new position in Healthcare Realty Trust in the third quarter valued at approximately $218,000. Envestnet Asset Management Inc. boosted its stake in Healthcare Realty Trust by 59.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,877 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 2,566 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Healthcare Realty Trust in the fourth quarter valued at approximately $222,000. Institutional investors own 98.18% of the company’s stock.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). The firm had revenue of $107.70 million during the quarter, compared to analyst estimates of $109.91 million. Healthcare Realty Trust had a return on equity of 1.33% and a net margin of 5.44%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. sell-side analysts expect that Healthcare Realty Trust will post 1.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Friday, February 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 4.51%. Healthcare Realty Trust’s payout ratio is currently 571.43%.
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Healthcare Realty Trust Company Profile
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2017, the Company owned 201 real estate properties in 27 states totaling 14.6 million square feet and was valued at approximately $5.3 billion.
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