Healthcare Realty Trust (NYSE:HR) Price Target Raised to $16.00 at Wells Fargo & Company

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

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, June 26th. Wedbush reduced their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Finally, Wall Street Zen cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of “Reduce” and a consensus target price of $16.60.

Healthcare Realty Trust Trading Up 1.5%

NYSE HR opened at $17.27 on Wednesday. The firm has a market capitalization of $6.07 billion, a P/E ratio of -15.02 and a beta of 0.89. The business has a fifty day simple moving average of $16.21 and a 200 day simple moving average of $15.90. Healthcare Realty Trust has a 12 month low of $14.09 and a 12 month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. The firm had revenue of $287.07 million for the quarter, compared to the consensus estimate of $290.83 million. During the same period in the previous year, the firm earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, sell-side analysts predict that Healthcare Realty Trust will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.6%. Healthcare Realty Trust’s payout ratio is -83.48%.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average price of $16.46 per share, with a total value of $164,600.00. Following the acquisition, the director owned 75,520 shares of the company’s stock, valued at approximately $1,243,059.20. This trade represents a 15.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Healthcare Realty Trust in the first quarter worth $26,000. SVB Wealth LLC purchased a new position in Healthcare Realty Trust during the first quarter worth about $35,000. Anchor Investment Management LLC bought a new position in Healthcare Realty Trust in the 1st quarter worth about $38,000. Lazard Asset Management LLC purchased a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at about $45,000. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at about $48,000.

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.