Healthcare Realty Trust Incorporated (NYSE:HR) Given Consensus Rating of “Reduce” by Analysts

Healthcare Realty Trust Incorporated (NYSE:HR) has earned an average recommendation of “Reduce” from the five analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $16.80.

HR has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, June 26th. Wells Fargo & Company increased their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 27th. Scotiabank increased their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 31st.

Healthcare Realty Trust Stock Performance

HR opened at $17.50 on Friday. The business’s 50-day simple moving average is $16.45 and its 200 day simple moving average is $15.94. The firm has a market capitalization of $6.15 billion, a PE ratio of -15.21 and a beta of 0.94. Healthcare Realty Trust has a 52-week low of $14.09 and a 52-week high of $18.90.

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

Healthcare Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Thursday, August 14th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -83.48%.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was bought at an average cost of $16.46 per share, for a total transaction of $164,600.00. Following the purchase, the director owned 75,520 shares of the company’s stock, valued at approximately $1,243,059.20. The trade was a 15.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.37% of the company’s stock.

Institutional Trading of Healthcare Realty Trust

A number of large investors have recently bought and sold shares of HR. Golden State Wealth Management LLC acquired a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at about $26,000. SVB Wealth LLC acquired a new position in Healthcare Realty Trust during the 1st quarter valued at about $35,000. Anchor Investment Management LLC acquired a new position in Healthcare Realty Trust during the 1st quarter valued at about $38,000. Lazard Asset Management LLC acquired a new position in Healthcare Realty Trust during the 4th quarter valued at about $45,000. Finally, Financial Gravity Companies Inc. acquired a new position in Healthcare Realty Trust during the 2nd quarter valued at about $45,000.

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.