Healthcare Realty Trust (NYSE:HR) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Healthcare Realty Trust (NYSE:HR) from a sell rating to a hold rating in a report issued on Tuesday morning.

Several other analysts have also commented on HR. Wells Fargo & Company cut their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, December 20th. Scotiabank cut their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd. Finally, Wedbush reissued an “outperform” rating and set a $16.00 target price on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Healthcare Realty Trust Trading Up 0.1 %

Shares of NYSE:HR opened at $16.77 on Tuesday. The company has a 50 day moving average of $16.59 and a 200-day moving average of $17.29. The firm has a market cap of $5.88 billion, a P/E ratio of -9.42 and a beta of 0.97. Healthcare Realty Trust has a twelve month low of $12.91 and a twelve month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. Equities research analysts forecast that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 7.39%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -69.66%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in shares of Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 925 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Healthcare Realty Trust by 59.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 612 shares during the period. Synergy Investment Management LLC bought a new stake in shares of Healthcare Realty Trust during the 4th quarter worth $36,000. Lazard Asset Management LLC bought a new stake in shares of Healthcare Realty Trust during the 4th quarter worth $45,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,249 shares during the period.

About Healthcare Realty Trust

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.