Healthcare Realty Trust Inc (NYSE:HR) Receives Consensus Rating of “Hold” from Analysts

Healthcare Realty Trust Inc (NYSE:HR) has received an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.75.

Several analysts have commented on the stock. ValuEngine raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, April 13th. Morgan Stanley set a $31.00 price objective on shares of Healthcare Realty Trust and gave the company a “hold” rating in a report on Thursday, March 28th. TheStreet downgraded shares of Healthcare Realty Trust from a “b-” rating to a “c” rating in a report on Monday, May 6th. Finally, Raymond James upgraded shares of Healthcare Realty Trust from a “mkt perform” rating to an “outperform” rating and set a $34.00 price objective on the stock in a report on Monday, May 13th.

Shares of HR stock traded up $0.04 during mid-day trading on Friday, hitting $32.69. 14,288 shares of the stock traded hands, compared to its average volume of 680,561. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 9.37 and a beta of 0.41. Healthcare Realty Trust has a 52-week low of $26.62 and a 52-week high of $32.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.18 and a current ratio of 0.18.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. The business had revenue of $112.66 million during the quarter, compared to analyst estimates of $114.57 million. Healthcare Realty Trust had a net margin of 14.52% and a return on equity of 3.73%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 earnings per share. As a group, equities analysts predict that Healthcare Realty Trust will post 1.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.67%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently 76.43%.

In other news, insider John M. Bryant, Jr. sold 13,079 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $32.08, for a total transaction of $419,574.32. Following the transaction, the insider now owns 152,985 shares in the company, valued at $4,907,758.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.87% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Berman Capital Advisors LLC increased its holdings in Healthcare Realty Trust by 71.7% in the 1st quarter. Berman Capital Advisors LLC now owns 812 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 339 shares during the period. Fort L.P. acquired a new position in Healthcare Realty Trust in the 1st quarter worth approximately $37,000. Marshall Wace North America L.P. acquired a new position in Healthcare Realty Trust in the 1st quarter worth approximately $39,000. Synovus Financial Corp increased its holdings in Healthcare Realty Trust by 1,566.7% in the 1st quarter. Synovus Financial Corp now owns 2,500 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 2,350 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Healthcare Realty Trust by 1,297.2% during the 1st quarter. Quadrant Capital Group LLC now owns 4,415 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 4,099 shares during the period. Hedge funds and other institutional investors own 94.65% of the company’s stock.

About Healthcare Realty Trust

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.

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Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

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