Scotiabank Lowers Healthcare Realty Trust (NYSE:HR) Price Target to $17.00

Healthcare Realty Trust (NYSE:HR) had its target price cut by analysts at Scotiabank from $18.00 to $17.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price would suggest a potential upside of 0.68% from the stock’s current price.

Several other equities research analysts have also recently commented on HR. JPMorgan Chase & Co. cut Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Friday, December 20th. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $16.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.20.

Healthcare Realty Trust Trading Up 0.4 %

Shares of HR stock traded up $0.07 during mid-day trading on Tuesday, reaching $16.89. The stock had a trading volume of 227,235 shares, compared to its average volume of 2,366,679. The firm has a market capitalization of $5.98 billion, a PE ratio of -9.49 and a beta of 0.94. The stock’s 50-day moving average price is $16.64 and its two-hundred day moving average price is $17.39. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The company had revenue of $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. During the same period in the prior year, the firm earned $0.39 earnings per share. Healthcare Realty Trust’s revenue was down 6.3% on a year-over-year basis. On average, equities research analysts forecast that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Robert E. Hull sold 10,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total value of $174,800.00. Following the sale, the chief operating officer now owns 171,400 shares of the company’s stock, valued at approximately $2,996,072. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.

Institutional Trading of Healthcare Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaCore Capital LLC bought a new stake in shares of Healthcare Realty Trust during the 4th quarter worth approximately $375,000. Mackenzie Financial Corp raised its position in Healthcare Realty Trust by 234.9% during the 4th quarter. Mackenzie Financial Corp now owns 56,987 shares of the real estate investment trust’s stock valued at $966,000 after purchasing an additional 39,969 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at $112,000. Sophron Capital Management L.P. purchased a new stake in Healthcare Realty Trust in the fourth quarter worth about $3,192,000. Finally, Starboard Value LP bought a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at about $342,110,000.

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.