Healthcare Realty Trust Incorporated (NYSE:HR) Receives Consensus Recommendation of “Hold” from Analysts
Healthcare Realty Trust Incorporated (NYSE:HR) has been assigned an average rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $35.67.
Several brokerages have weighed in on HR. Stifel Nicolaus reaffirmed a “buy” rating on shares of Healthcare Realty Trust in a research report on Friday. BidaskClub lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC reissued a “hold” rating and set a $36.00 price objective on shares of Healthcare Realty Trust in a report on Monday, July 17th. Zacks Investment Research downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Mizuho restated a “neutral” rating on shares of Healthcare Realty Trust in a research note on Wednesday, June 28th.
Shares of Healthcare Realty Trust (HR) traded down 0.45% during trading on Tuesday, hitting $32.83. 534,883 shares of the stock were exchanged. The stock has a market cap of $3.83 billion, a PE ratio of 31.57 and a beta of 0.29. The stock’s 50 day moving average price is $34.13 and its 200 day moving average price is $32.58. Healthcare Realty Trust has a one year low of $26.66 and a one year high of $36.60.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $105.20 million during the quarter, compared to analyst estimates of $105.67 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. Equities research analysts predict that Healthcare Realty Trust will post $0.66 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.66%. Healthcare Realty Trust’s dividend payout ratio (DPR) is 114.29%.
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In other Healthcare Realty Trust news, insider John M. Bryant, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $33.51, for a total transaction of $234,570.00. Following the transaction, the insider now owns 142,256 shares of the company’s stock, valued at $4,766,998.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John M. Bryant, Jr. sold 20,385 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $32.27, for a total value of $657,823.95. Following the transaction, the insider now directly owns 162,241 shares in the company, valued at approximately $5,235,517.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,129 shares of company stock worth $948,987. Corporate insiders own 1.85% of the company’s stock.
A number of institutional investors have recently made changes to their positions in HR. Huntington National Bank boosted its stake in shares of Healthcare Realty Trust by 36.7% in the second quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 1,393 shares during the period. Bennicas & Associates Inc. purchased a new position in shares of Healthcare Realty Trust during the first quarter worth approximately $202,000. Neuberger Berman Group LLC purchased a new position in shares of Healthcare Realty Trust during the first quarter worth approximately $202,000. Cim Investment Mangement Inc. purchased a new position in shares of Healthcare Realty Trust during the first quarter worth approximately $210,000. Finally, Bank of Montreal Can boosted its position in shares of Healthcare Realty Trust by 1.3% in the second quarter. Bank of Montreal Can now owns 6,466 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 84 shares during the last quarter. 96.04% of the stock is currently owned by hedge funds and other institutional investors.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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