Healthcare Realty Trust (NYSE:HR) Price Target Raised to $21.00 at JPMorgan Chase & Co.

Healthcare Realty Trust (NYSE:HR) had its price objective lifted by JPMorgan Chase & Co. from $19.00 to $21.00 in a research note released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on the company. Wells Fargo & Company raised their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Cantor Fitzgerald increased their target price on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. BTIG Research reiterated a “buy” rating and issued a $22.00 price objective on shares of Healthcare Realty Trust in a research note on Friday, June 12th. Weiss Ratings cut shares of Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Raymond James Financial initiated coverage on Healthcare Realty Trust in a report on Tuesday, June 16th. They issued an “outperform” rating and a $24.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $21.67.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $20.71 on Thursday. The stock has a market capitalization of $7.18 billion, a P/E ratio of -35.71 and a beta of 0.98. The company has a 50 day moving average price of $20.16 and a 200 day moving average price of $18.48. Healthcare Realty Trust has a fifty-two week low of $15.28 and a fifty-two week high of $20.90.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The company had revenue of $275.28 million for the quarter, compared to analyst estimates of $283.01 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. Research analysts forecast that Healthcare Realty Trust will post 1.62 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, May 11th. Healthcare Realty Trust’s dividend payout ratio is presently -165.52%.

Insider Activity

In related news, CAO Amanda L. Callaway sold 25,767 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $20.37, for a total value of $524,873.79. Following the transaction, the chief accounting officer owned 109,954 shares in the company, valued at approximately $2,239,762.98. The trade was a 18.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in Healthcare Realty Trust by 15.3% during the 2nd quarter. GAMMA Investing LLC now owns 11,255 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 1,490 shares in the last quarter. Versant Capital Management Inc raised its holdings in Healthcare Realty Trust by 48.2% during the second quarter. Versant Capital Management Inc now owns 2,274 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 740 shares in the last quarter. Bank of America Corp DE boosted its position in Healthcare Realty Trust by 13.3% during the first quarter. Bank of America Corp DE now owns 2,208,965 shares of the real estate investment trust’s stock valued at $37,530,000 after purchasing an additional 259,782 shares during the last quarter. Edgestream Partners L.P. bought a new position in Healthcare Realty Trust in the first quarter valued at approximately $6,490,000. Finally, Amundi increased its position in shares of Healthcare Realty Trust by 2.8% during the 1st quarter. Amundi now owns 191,204 shares of the real estate investment trust’s stock worth $3,249,000 after purchasing an additional 5,207 shares during the last quarter.

Healthcare Realty Trust Company Profile

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.