Healthcare Realty Trust Incorporated (NYSE:HR) has earned an average rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $34.80.
Several brokerages have recently issued reports on HR. Cantor Fitzgerald upped their price objective on Healthcare Realty Trust from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, June 12th. Stifel Nicolaus reduced their price objective on Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. Jefferies Group LLC downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research report on Thursday, June 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Finally, BidaskClub upgraded Healthcare Realty Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th.
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Shares of Healthcare Realty Trust (NYSE:HR) traded up 0.20% during mid-day trading on Monday, hitting $35.55. The company’s stock had a trading volume of 1,187,009 shares. Healthcare Realty Trust has a 12-month low of $26.66 and a 12-month high of $36.60. The company has a market cap of $4.14 billion, a PE ratio of 36.99 and a beta of 0.35. The stock has a 50-day moving average of $33.51 and a 200-day moving average of $31.79.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a net margin of 26.01% and a return on equity of 6.89%. The company had revenue of $104.57 million during the quarter, compared to analysts’ expectations of $106.03 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. On average, equities research analysts forecast that Healthcare Realty Trust will post $0.59 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Tuesday, May 16th were paid a $0.30 dividend. The ex-dividend date was Friday, May 12th. This represents a $1.20 annualized dividend and a yield of 3.38%. Healthcare Realty Trust’s payout ratio is currently 126.32%.
In related news, insider John M. Bryant, Jr. sold 7,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $33.51, for a total value of $234,570.00. Following the completion of the transaction, the insider now directly owns 142,256 shares in the company, valued at $4,766,998.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John M. Bryant, Jr. sold 20,385 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $32.27, for a total value of $657,823.95. Following the completion of the transaction, the insider now owns 162,241 shares of the company’s stock, valued at $5,235,517.07. The disclosure for this sale can be found here. Insiders sold 29,129 shares of company stock valued at $948,987 over the last quarter. Insiders own 1.85% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in HR. BlackRock Inc. raised its position in Healthcare Realty Trust by 6,758.3% in the first quarter. BlackRock Inc. now owns 14,975,042 shares of the real estate investment trust’s stock valued at $486,689,000 after buying an additional 14,756,694 shares during the last quarter. Morgan Stanley raised its position in Healthcare Realty Trust by 52.5% in the first quarter. Morgan Stanley now owns 5,297,551 shares of the real estate investment trust’s stock valued at $172,171,000 after buying an additional 1,822,804 shares during the last quarter. FMR LLC raised its position in Healthcare Realty Trust by 21.9% in the fourth quarter. FMR LLC now owns 7,344,921 shares of the real estate investment trust’s stock valued at $222,698,000 after buying an additional 1,317,988 shares during the last quarter. Norges Bank acquired a new position in Healthcare Realty Trust during the fourth quarter valued at approximately $34,711,000. Finally, Lazard Asset Management LLC acquired a new position in Healthcare Realty Trust during the first quarter valued at approximately $19,801,000. Hedge funds and other institutional investors own 96.16% of the company’s stock.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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