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

Shares of Healthcare Realty Trust Incorporated (NYSE:HR – Get Rating) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $33.33.

A number of research analysts recently issued reports on the company. Barclays assumed coverage on Healthcare Realty Trust in a research note on Tuesday. They set an “overweight” rating and a $33.00 price target on the stock. Credit Suisse Group assumed coverage on Healthcare Realty Trust in a report on Tuesday, February 1st. They issued an “outperform” rating for the company. Zacks Investment Research raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 19th. StockNews.com started coverage on Healthcare Realty Trust in a report on Thursday, March 31st. They set a “sell” rating for the company. Finally, BMO Capital Markets cut Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $34.00 price target for the company. in a report on Friday, January 7th.

Shares of NYSE HR traded down $0.16 during mid-day trading on Friday, reaching $27.50. 20,289 shares of the company’s stock were exchanged, compared to its average volume of 2,669,698. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 61.53 and a beta of 0.64. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.15 and a current ratio of 0.15. Healthcare Realty Trust has a 52-week low of $25.60 and a 52-week high of $33.77. The company’s 50-day moving average is $27.77 and its 200-day moving average is $30.31.

Healthcare Realty Trust (NYSE:HR – Get Rating) last posted its earnings results on Monday, February 21st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. The firm had revenue of $136.42 million for the quarter, compared to analyst estimates of $137.64 million. Healthcare Realty Trust had a return on equity of 3.18% and a net margin of 12.46%. Healthcare Realty Trust’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. As a group, equities analysts predict that Healthcare Realty Trust will post 1.8 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, February 28th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 25th. This is a positive change from Healthcare Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 4.51%. Healthcare Realty Trust’s dividend payout ratio is currently 275.56%.

Large investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale grew its stake in shares of Healthcare Realty Trust by 14.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 36,132 shares of the real estate investment trust’s stock valued at $1,006,000 after buying an additional 4,505 shares in the last quarter. Comerica Bank boosted its holdings in Healthcare Realty Trust by 38.8% in the first quarter. Comerica Bank now owns 93,984 shares of the real estate investment trust’s stock valued at $2,614,000 after purchasing an additional 26,258 shares during the last quarter. Peak Financial Advisors LLC purchased a new position in Healthcare Realty Trust in the first quarter valued at about $386,000. Louisiana State Employees Retirement System boosted its holdings in Healthcare Realty Trust by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 38,600 shares of the real estate investment trust’s stock valued at $1,073,000 after purchasing an additional 700 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in Healthcare Realty Trust in the first quarter valued at about $2,443,000. Institutional investors own 97.99% of the company’s stock.

About Healthcare Realty Trust (Get Rating)

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 September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.

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