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

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have earned an average rating of “Reduce” from the seven brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $17.14.

HR has been the topic of a number of research analyst reports. Wedbush cut shares of 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 report on Thursday. Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $19.00 to $17.00 in a report on Thursday. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Friday, December 20th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st.

Insider Buying and Selling

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

Hedge Funds Weigh In On Healthcare Realty Trust

A number of large investors have recently modified their holdings of HR. Allspring Global Investments Holdings LLC boosted its holdings in Healthcare Realty Trust by 38.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 628 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Healthcare Realty Trust by 6.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 211,989 shares of the real estate investment trust’s stock valued at $3,494,000 after purchasing an additional 12,071 shares during the last quarter. Signaturefd LLC raised its position in shares of Healthcare Realty Trust by 39.4% during the second quarter. Signaturefd LLC now owns 24,089 shares of the real estate investment trust’s stock worth $397,000 after purchasing an additional 6,810 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Healthcare Realty Trust by 11.9% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 69,152 shares of the real estate investment trust’s stock valued at $1,140,000 after acquiring an additional 7,345 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust in the second quarter worth $309,000.

Healthcare Realty Trust Price Performance

Shares of NYSE HR opened at $16.47 on Friday. The stock has a market capitalization of $5.84 billion, a P/E ratio of -10.42 and a beta of 0.93. The business’s 50 day moving average is $17.51 and its two-hundred day moving average is $17.54. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $18.90.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a $0.31 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.24 annualized dividend and a yield of 7.53%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -78.48%.

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.