Healthcare Realty Trust (NYSE:HR) Given New $20.00 Price Target at UBS Group

Healthcare Realty Trust (NYSE:HR) had its price target lifted by UBS Group from $18.00 to $20.00 in a report released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank Of Canada upped their price target on Healthcare Realty Trust from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Cantor Fitzgerald raised their price objective on Healthcare Realty Trust from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Wells Fargo & Company dropped their price objective on Healthcare Realty Trust from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Deutsche Bank raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $23.00 in a report on Tuesday, October 20th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthcare Realty Trust in a research note on Wednesday, October 28th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.55.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $19.24 on Wednesday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of -137.40 and a beta of 0.92. Healthcare Realty Trust has a one year low of $16.31 and a one year high of $22.04. The stock’s 50-day moving average is $18.17 and its 200 day moving average is $18.90.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Thursday, October 29th. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.46). Healthcare Realty Trust had a negative net margin of 3.96% and a negative return on equity of 1.02%. The firm had revenue of $286.64 million during the quarter, compared to the consensus estimate of $275.27 million. During the same period in the previous year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts expect that Healthcare Realty Trust will post 1.66 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, November 10th. Healthcare Realty Trust’s dividend payout ratio is -685.71%.

Insider Activity

In other news, COO Robert Hull sold 21,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $19.11, for a total transaction of $401,310.00. Following the completion of the sale, the chief operating officer directly owned 276,338 shares of the company’s stock, valued at $5,280,819.18. This trade represents a 7.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in HR. Private Advisor Group LLC grew its position in Healthcare Realty Trust by 125.5% during the third quarter. Private Advisor Group LLC now owns 22,796 shares of the real estate investment trust’s stock valued at $404,000 after buying an additional 12,687 shares during the period. Focus Advisor Solutions LLC increased its holdings in Healthcare Realty Trust by 8.8% during the third quarter. Focus Advisor Solutions LLC now owns 22,494 shares of the real estate investment trust’s stock worth $399,000 after buying an additional 1,817 shares during the last quarter. Cibc World Market Inc. bought a new stake in Healthcare Realty Trust in the third quarter worth about $3,315,000. Edgestream Partners L.P. bought a new stake in Healthcare Realty Trust in the third quarter worth about $9,061,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in Healthcare Realty Trust in the third quarter worth about $2,021,000.

About Healthcare Realty Trust

Healthcare Realty Trust Incorporated is a real estate investment trust that owns, leases, and operates healthcare properties, with a focus on outpatient medical buildings. Its tenants include health systems, physician groups, and other healthcare providers. The company’s activities include leasing and managing medical office space, as well as acquiring and developing properties. Many of its buildings are located near hospitals or other healthcare campuses, supporting providers’ outpatient services.