Healthcare Realty Trust Incorporated (NYSE:HR) Given Average Recommendation of “Hold” by Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.1250.

A number of equities analysts recently weighed in on HR shares. Raymond James Financial lowered shares of Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, September 15th. Citigroup raised their target price on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Healthcare Realty Trust in a research report on Monday, December 29th. Wall Street Zen raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Royal Bank Of Canada started coverage on Healthcare Realty Trust in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 price objective on the stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. grew its stake in shares of Healthcare Realty Trust by 233.8% in the 3rd quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock valued at $138,845,000 after buying an additional 5,393,651 shares during the period. Norges Bank acquired a new position in Healthcare Realty Trust in the second quarter valued at approximately $66,085,000. Russell Investments Group Ltd. grew its position in Healthcare Realty Trust by 68.7% in the third quarter. Russell Investments Group Ltd. now owns 4,392,815 shares of the real estate investment trust’s stock worth $79,201,000 after acquiring an additional 1,789,111 shares during the period. Rush Island Management LP increased its stake in Healthcare Realty Trust by 13.8% during the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock worth $226,166,000 after acquiring an additional 1,728,491 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Healthcare Realty Trust by 418.3% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,947,274 shares of the real estate investment trust’s stock worth $35,109,000 after acquiring an additional 1,571,583 shares during the last quarter.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR opened at $17.28 on Thursday. Healthcare Realty Trust has a 1 year low of $14.09 and a 1 year high of $18.97. The firm has a market capitalization of $6.07 billion, a PE ratio of -16.30 and a beta of 0.96. The business’s 50 day moving average price is $17.50 and its 200-day moving average price is $17.31.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.32% and a negative net margin of 30.51%.The company had revenue of $297.77 million for the quarter, compared to analyst estimates of $291.10 million. During the same quarter last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. As a group, analysts expect that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Tuesday, November 11th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.96 annualized dividend and a dividend yield of 5.6%. Healthcare Realty Trust’s payout ratio is presently -90.57%.

About Healthcare Realty Trust

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.