Healthcare Realty Trust (NYSE:HR) Hits New 52-Week Low After Analyst Downgrade

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) hit a new 52-week low during mid-day trading on Tuesday after Wells Fargo & Company lowered their price target on the stock from $16.00 to $15.00. Wells Fargo & Company currently has an underweight rating on the stock. Healthcare Realty Trust traded as low as $14.12 and last traded at $14.18, with a volume of 181583 shares traded. The stock had previously closed at $14.36.

A number of other brokerages have also recently weighed in on HR. Wall Street Zen cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Scotiabank reduced 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. Finally, Wedbush reduced 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. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $16.80.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 2,500 shares of Healthcare Realty Trust stock in a transaction on Tuesday, May 13th. The stock was bought at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the transaction, the director now owns 56,502 shares of the company’s stock, valued at $831,144.42. The trade was a 4.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HR. Smartleaf Asset Management LLC raised its position in shares of Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 612 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Healthcare Realty Trust by 16.4% in the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust’s stock valued at $84,000 after purchasing an additional 695 shares during the period. O Shaughnessy Asset Management LLC increased its position in Healthcare Realty Trust by 6.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 706 shares during the period. Peak Financial Advisors LLC boosted its stake in Healthcare Realty Trust by 6.8% during the first quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 728 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Healthcare Realty Trust by 4.8% during the fourth quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust’s stock worth $281,000 after buying an additional 756 shares in the last quarter.

Healthcare Realty Trust Stock Performance

The company’s 50 day moving average price is $15.34 and its 200 day moving average price is $16.38. The company has a market cap of $5.01 billion, a price-to-earnings ratio of -8.01 and a beta of 0.92.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. As a group, analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 8.69%. The ex-dividend date of this dividend was Monday, May 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -113.76%.

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.