Healthcare Realty Trust Incorporated (NYSE:HR) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been given an average rating of “Reduce” by the seven research firms that are currently covering the stock, MarketBeat reports. Two equities 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 brokers that have covered the stock in the last year is $17.14.

Several research firms have recently weighed in on HR. Wedbush downgraded Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $18.00 to $16.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Friday, December 20th. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $17.09 on Thursday. Healthcare Realty Trust has a 52 week low of $12.77 and a 52 week high of $18.90. The firm has a 50-day moving average price of $17.17 and a two-hundred day moving average price of $17.55. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of -10.81 and a beta of 0.94.

Insider Activity at Healthcare Realty Trust

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

Institutional Trading of Healthcare Realty Trust

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Healthcare Realty Trust by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock valued at $96,513,000 after buying an additional 395,243 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in shares of Healthcare Realty Trust in the 2nd quarter valued at approximately $221,000. EverSource Wealth Advisors LLC boosted its stake in Healthcare Realty Trust by 260.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 2,030 shares in the last quarter. Evergreen Capital Management LLC purchased a new stake in Healthcare Realty Trust during the 2nd quarter worth approximately $291,000. Finally, Point72 DIFC Ltd acquired a new position in Healthcare Realty Trust during the 2nd quarter valued at approximately $828,000.

About Healthcare Realty Trust

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.