Healthcare Realty Trust’s (HR) Underweight Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company restated their underweight rating on shares of Healthcare Realty Trust (NYSE:HR) in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a $17.00 target price on the real estate investment trust’s stock, up from their previous target price of $16.00.

Several other equities research analysts also recently weighed in on HR. Wedbush upped their price target on Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a neutral rating in a report on Monday, August 5th. Scotiabank increased their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a sector perform rating in a report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $17.13.

Healthcare Realty Trust Trading Down 1.0 %

HR opened at $17.47 on Tuesday. The stock’s 50-day moving average price is $17.87 and its 200 day moving average price is $16.35. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $18.90. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of -13.13 and a beta of 0.91.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.77). Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The company had revenue of $316.30 million for the quarter, compared to analysts’ expectations of $317.90 million. During the same quarter last year, the company earned $0.39 EPS. Healthcare Realty Trust’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, research analysts forecast that Healthcare Realty Trust will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, August 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.10%. Healthcare Realty Trust’s dividend payout ratio is presently -93.23%.

Insider Buying and Selling

In other news, Director John Knox Singleton purchased 6,500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the purchase, the director now directly owns 57,082 shares of the company’s stock, valued at $1,041,175.68. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Thomas N. Bohjalian acquired 9,000 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $17.39 per share, with a total value of $156,510.00. Following the transaction, the director now owns 22,252 shares of the company’s stock, valued at $386,962.28. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Knox Singleton acquired 6,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $18.24 per share, with a total value of $118,560.00. Following the completion of the transaction, the director now directly owns 57,082 shares in the company, valued at $1,041,175.68. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 15,728 shares of company stock worth $279,069 in the last quarter. 0.56% of the stock is owned by insiders.

Institutional Trading of Healthcare Realty Trust

Several hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Healthcare Realty Trust by 38.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 628 shares during the period. Victory Capital Management Inc. increased its stake in Healthcare Realty Trust by 1.1% in the 2nd quarter. Victory Capital Management Inc. now owns 81,598 shares of the real estate investment trust’s stock valued at $1,345,000 after purchasing an additional 848 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Healthcare Realty Trust by 1.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 66,654 shares of the real estate investment trust’s stock valued at $1,098,000 after purchasing an additional 929 shares in the last quarter. Muzinich & Co. Inc. increased its stake in Healthcare Realty Trust by 98.1% in the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,079 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Healthcare Realty Trust by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 222,297 shares of the real estate investment trust’s stock valued at $3,144,000 after purchasing an additional 1,140 shares in the last quarter.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.