Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.50 Consensus Target Price from Brokerages

Healthcare Realty Trust Incorporated (NYSE:HR) has been given a consensus rating of “Reduce” by the seven ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $17.14.

Several research firms recently weighed in on HR. Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $19.00 to $17.00 in a report on Thursday. 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. Finally, Wedbush cut Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $18.00 to $16.00 in a research note on Thursday.

Healthcare Realty Trust Stock Performance

HR stock opened at $16.57 on Friday. Healthcare Realty Trust has a 52 week low of $12.77 and a 52 week high of $18.90. The company’s 50-day simple moving average is $17.49 and its 200 day simple moving average is $17.56. The company has a market capitalization of $5.87 billion, a PE ratio of -10.49 and a beta of 0.94.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.48%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust’s payout ratio is -78.48%.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $17.21 per share, for a total transaction of $172,100.00. Following the acquisition, the director now directly owns 26,576 shares in the company, valued at $457,372.96. This represents a 60.33 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas N. Bohjalian bought 7,750 shares of Healthcare Realty Trust stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of $17.39 per share, for a total transaction of $134,772.50. Following the completion of the acquisition, the director now directly owns 50,002 shares in the company, valued at approximately $869,534.78. The trade was a 18.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 18,750 shares of company stock worth $323,723 over the last quarter. Corporate insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in shares of Healthcare Realty Trust by 38.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Healthcare Realty Trust by 260.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 2,030 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Healthcare Realty Trust in the 3rd quarter valued at about $65,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Healthcare Realty Trust in the third quarter valued at about $78,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Healthcare Realty Trust during the third quarter worth about $89,000.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.