In yesterday’s Wall Street session, Healthcare Realty Trust Incorporated (NYSE:HR) shares traded at $15.52, down -3.66% from the previous session.
As of this writing, 11 analysts cover Healthcare Realty Trust Incorporated (NYSE:HR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $17.00, we find $19.50. Given the previous closing price of $16.11, this indicates a potential upside of 21.04 percent. HR stock price is now -13.57% away from the 50-day moving average and -19.26% away from the 200-day moving average. The market capitalization of the company currently stands at $5.97B.
There are 8 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $20.38 as their price target over the next twelve months.
In other news, SINGLETON JOHN KNOX, Director bought 31,500 shares of the company’s stock on Aug 16. The stock was bought for $538,965 at an average price of $17.11. Upon completion of the transaction, the Director now directly owns 50,582 shares in the company, valued at $0.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, Director Kilroy James Joseph IV bought 2,400 shares of the business’s stock. A total of $45,647 was incurred on buying the stock at an average price of $19.02. This leaves the insider owning 26,601 shares of the company worth $0.41 million. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HR stock. A new stake in Healthcare Realty Trust Incorporated shares was purchased by MILLENNIUM MANAGEMENT LLC during the first quarter worth $9,670,000. BEACH INVESTMENT COUNSEL INC/PA invested $7,062,000 in shares of HR during the first quarter. In the first quarter, COUNTRY CLUB BANK /GFN acquired a new stake in Healthcare Realty Trust Incorporated valued at approximately $2,412,000. GREENLAND CAPITAL MANAGEMENT LP acquired a new stake in HR for approximately $1,785,000. UNISUPER MANAGEMENT PTY LTD purchased a new stake in HR valued at around $1,723,000 in the second quarter. In total, there are 606 active investors with 106.91% ownership of the company’s stock.
Thursday morning saw Healthcare Realty Trust Incorporated (NYSE: HR) opened at $16.03. During the past 12 months, Healthcare Realty Trust Incorporated has had a low of $16.08 and a high of $23.69. The fifty day moving average price for HR is $17.89 and a two-hundred day moving average price translates $19.20 for the stock.
The latest earnings results from Healthcare Realty Trust Incorporated (NYSE: HR) was released for Jun, 2023. According to the REIT – Healthcare Facilities Company, earnings per share came in at -$0.22, missing analysts’ expectations of -$0.13 by -0.09. This compares to $0.04 EPS in the same period last year. The net profit margin was -13.70% and return on equity was -2.40% for HR. The company reported revenue of $338.14 million for the quarter, compared to $145.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 132.68 percent. For the current quarter, analysts expect HR to generate $334.78M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/30/2023. Investors who held shares on 08/15/2023 were paid a $0.31 dividend. On an annualized basis, this represents a $1.24 dividend and a 7.99% percent yield. There was an ex-dividend date of 08/14/2023 for this dividend. In terms of dividend payout ratio, HR is presently at 738.63%.
Healthcare Realty Trust Incorporated(HR) Company Profile
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of June 30, 2023, the Company was invested in over 700 real estate properties totaling more than 40 million square feet and provided leasing and property management services to over 35 million square feet nationwide.
