Healthcare Realty Trust (NYSE:HR) Given New $16.00 Price Target at Wedbush

Healthcare Realty Trust (NYSE:HR) had its target price decreased by Wedbush from $18.00 to $16.00 in a research report released on Monday morning,Benzinga reports. Wedbush currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts have also issued reports on the company. StockNews.com upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Scotiabank cut their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price objective 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. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR opened at $15.06 on Monday. The firm has a market capitalization of $5.28 billion, a P/E ratio of -8.46 and a beta of 0.92. The business’s 50-day moving average is $16.16 and its 200 day moving average is $16.80. Healthcare Realty Trust has a 1 year low of $14.53 and a 1 year high of $18.90.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $288.86 million during the quarter, compared to analyst estimates of $297.39 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. Healthcare Realty Trust’s revenue was down 9.2% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. On average, analysts expect that Healthcare Realty Trust will post 1.59 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 12th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 8.23%. The ex-dividend date is Monday, May 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -113.76%.

Institutional Trading of Healthcare Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Starboard Value LP purchased a new position in shares of Healthcare Realty Trust during the 4th quarter valued at approximately $342,110,000. Rush Island Management LP raised its position in Healthcare Realty Trust by 21.2% during the fourth quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust’s stock worth $265,800,000 after acquiring an additional 2,747,848 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Healthcare Realty Trust during the first quarter valued at $100,817,000. Bank of New York Mellon Corp grew its position in shares of Healthcare Realty Trust by 12.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust’s stock valued at $78,495,000 after purchasing an additional 495,599 shares during the period. Finally, Norges Bank purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $76,825,000.

Healthcare Realty Trust Company Profile

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.