Healthcare Realty Trust (NYSE:HR) Given Buy Rating at BTIG Research

BTIG Research reaffirmed their buy rating on shares of Healthcare Realty Trust (NYSE:HR) in a research note issued to investors on Monday,Benzinga reports. BTIG Research currently has a $20.00 price objective on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company boosted their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, August 27th. Scotiabank upgraded shares of Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $18.00 to $20.00 in a research note on Friday, September 5th. Raymond James Financial lowered Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. dropped their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $17.67.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR opened at $17.74 on Monday. The business’s fifty day moving average price is $17.14 and its two-hundred day moving average price is $16.09. Healthcare Realty Trust has a fifty-two week low of $14.09 and a fifty-two week high of $18.82. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of -15.43 and a beta of 0.94.

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

Healthcare Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Thursday, August 14th. Healthcare Realty Trust’s dividend payout ratio is -83.48%.

Insider Activity

In related news, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $270,000.00. Following the completion of the sale, the executive vice president directly owned 113,419 shares in the company, valued at $2,041,542. This trade represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas N. Bohjalian acquired 10,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were purchased at an average cost of $16.46 per share, with a total value of $164,600.00. Following the completion of the acquisition, the director directly owned 75,520 shares in the company, valued at approximately $1,243,059.20. The trade was a 15.26% increase in their position. The disclosure for this purchase can be found here. 0.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. boosted its stake in 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 acquiring an additional 695 shares during the last quarter. Peak Financial Advisors LLC lifted its stake in shares of Healthcare Realty Trust by 6.8% in the 1st quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust’s stock valued at $193,000 after purchasing an additional 728 shares during the period. Focus Financial Network Inc. lifted its stake in shares of Healthcare Realty Trust by 6.9% in the 1st quarter. Focus Financial Network Inc. now owns 11,868 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 762 shares during the period. Comprehensive Money Management Services LLC boosted its position in shares of Healthcare Realty Trust by 4.7% in the 1st quarter. Comprehensive Money Management Services LLC now owns 17,918 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 800 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Healthcare Realty Trust by 4.1% during the second quarter. CWM LLC now owns 21,991 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 868 shares during the period.

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.