Healthcare Realty Trust (NYSE:HR) Price Target Raised to $16.00 at Wedbush

Healthcare Realty Trust (NYSE:HR) had its price target raised by Wedbush from $15.00 to $16.00 in a report published on Wednesday, MarketBeat.com reports. The firm currently has a neutral rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on the company. Wells Fargo & Company cut their price target on Healthcare Realty Trust from $18.00 to $15.00 and set an equal weight rating for the company in a research note on Wednesday, April 10th. JPMorgan Chase & Co. cut their price objective on Healthcare Realty Trust from $19.00 to $17.00 and set an overweight rating for the company in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a hold rating and a $18.00 price target for the company. Finally, Stifel Nicolaus downgraded shares of Healthcare Realty Trust from a buy rating to a hold rating and decreased their price objective for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and an average price target of $17.30.

Healthcare Realty Trust Trading Down 0.6 %

Shares of NYSE HR opened at $15.32 on Wednesday. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of -20.70 and a beta of 0.78. Healthcare Realty Trust has a 12 month low of $12.77 and a 12 month high of $20.30. The company has a 50 day simple moving average of $13.95 and a two-hundred day simple moving average of $15.06.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). The business had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Analysts forecast that Healthcare Realty Trust will post 1.56 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 annualized dividend and a dividend yield of 8.10%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -167.57%.

Institutional Trading of Healthcare Realty Trust

Several hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Healthcare Realty Trust during the 4th quarter worth $59,352,000. Rush Island Management LP lifted its position in shares of Healthcare Realty Trust by 43.7% during the 3rd quarter. Rush Island Management LP now owns 11,010,401 shares of the real estate investment trust’s stock valued at $168,129,000 after acquiring an additional 3,350,506 shares during the period. Waterfront Capital Partners LLC purchased a new stake in shares of Healthcare Realty Trust during the 4th quarter worth approximately $51,775,000. Canada Pension Plan Investment Board grew its holdings in shares of Healthcare Realty Trust by 23.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 7,084,221 shares of the real estate investment trust’s stock worth $108,176,000 after acquiring an additional 1,360,105 shares during the period. Finally, APG Asset Management US Inc. increased its stake in Healthcare Realty Trust by 12.0% in the 4th quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock valued at $216,527,000 after purchasing an additional 1,348,529 shares in the last quarter.

Healthcare Realty Trust Company Profile

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.