Healthcare Realty Trust (NYSE:HR) Price Target Lowered to $15.00 at Wells Fargo & Company

Healthcare Realty Trust (NYSE:HR) had its target price reduced by Wells Fargo & Company from $16.00 to $15.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an underweight rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on the company. Wedbush dropped their price objective on Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Wall Street Zen downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Scotiabank dropped their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $16.80.

Healthcare Realty Trust Trading Down 0.9%

Shares of HR opened at $14.37 on Monday. The company has a market capitalization of $5.05 billion, a PE ratio of -8.07 and a beta of 0.92. Healthcare Realty Trust has a 12 month low of $14.25 and a 12 month high of $18.90. The stock’s 50-day moving average price is $15.39 and its two-hundred day moving average price is $16.39.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Equities research analysts predict that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust’s payout ratio is -113.76%.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $14.71 per share, with a total value of $36,775.00. Following the transaction, the director now directly owns 56,502 shares of the company’s stock, valued at approximately $831,144.42. This represents a 4.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Healthcare Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Starboard Value LP purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $342,110,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Healthcare Realty Trust in the first quarter worth approximately $100,817,000. Norges Bank purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $76,825,000. Rush Island Management LP raised its stake in shares of Healthcare Realty Trust by 21.2% in 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 purchasing an additional 2,747,848 shares during the last quarter. Finally, Deprince Race & Zollo Inc. purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $39,337,000.

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.