Healthcare Realty Trust (NYSE:HR) Price Target Lowered to $17.00 at Scotiabank

Healthcare Realty Trust (NYSE:HR) had its target price reduced by research analysts at Scotiabank from $18.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 0.68% from the company’s previous close.

HR has been the subject of several other research reports. Wedbush reissued an “outperform” rating and issued a $16.00 price objective on shares of Healthcare Realty Trust in a report on Thursday, February 20th. Jefferies Financial Group downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.20.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock traded up $0.07 during mid-day trading on Tuesday, reaching $16.89. 227,235 shares of the company traded hands, compared to its average volume of 2,366,679. The firm’s fifty day moving average is $16.64 and its two-hundred day moving average is $17.39. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of -9.49 and a beta of 0.94. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm had revenue of $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Healthcare Realty Trust will post 1.59 earnings per share for the current year.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, COO Robert E. Hull sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total transaction of $174,800.00. Following the completion of the transaction, the chief operating officer now directly owns 171,400 shares in the company, valued at approximately $2,996,072. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its position in Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 612 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 925 shares during the period. Synergy Investment Management LLC acquired a new position in shares of Healthcare Realty Trust during the 4th quarter valued at about $36,000. Lazard Asset Management LLC purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at about $45,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Healthcare Realty Trust by 68.7% in the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,249 shares during the period.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.