Analysts Set Healthcare Realty Trust Incorporated (NYSE:HR) PT at $17.17

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been given an average recommendation of “Hold” by the six research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $17.17.

Several research analysts recently issued reports on HR shares. Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Wedbush upped their target price on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Scotiabank upped their target price on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th.

Healthcare Realty Trust Trading Up 0.6 %

HR opened at $17.49 on Friday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of -11.07 and a beta of 0.91. Healthcare Realty Trust has a 12 month low of $12.77 and a 12 month high of $18.90. The stock has a fifty day moving average price of $17.81 and a 200-day moving average price of $17.15.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date is Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -78.48%.

Insider Transactions at Healthcare Realty Trust

In other news, Director John Knox Singleton purchased 6,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $18.24 per share, with a total value of $118,560.00. Following the purchase, the director now directly owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The trade was a 12.85 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Healthcare Realty Trust

Several hedge funds have recently made changes to their positions in the business. Centersquare Investment Management LLC purchased a new position in shares of Healthcare Realty Trust in the 1st quarter worth $1,246,000. SG Americas Securities LLC raised its position in Healthcare Realty Trust by 394.9% in the first quarter. SG Americas Securities LLC now owns 388,015 shares of the real estate investment trust’s stock valued at $5,490,000 after purchasing an additional 309,609 shares during the period. Vanguard Group Inc. raised its position in Healthcare Realty Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock valued at $767,585,000 after purchasing an additional 723,197 shares during the period. GSA Capital Partners LLP purchased a new position in Healthcare Realty Trust in the first quarter valued at about $719,000. Finally, Tidal Investments LLC purchased a new position in Healthcare Realty Trust in the first quarter valued at about $1,360,000.

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.