Healthcare Realty Trust (NYSE:HR) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Healthcare Realty Trust (NYSE:HR) from a buy rating to a hold rating in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has $17.00 target price on the real estate investment trust’s stock, down from their previous target price of $19.00.

HR has been the subject of several other research reports. Wedbush downgraded shares of Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and cut their target price for the company from $18.00 to $16.00 in a research note 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 on the stock. in a research note on Friday, December 20th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.14.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock opened at $16.57 on Thursday. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90. The stock has a fifty day moving average of $17.49 and a two-hundred day moving average of $17.56. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of -10.49 and a beta of 0.94.

Healthcare Realty Trust Dividend Announcement

The business also recently announced 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 of this dividend was Tuesday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.48%. Healthcare Realty Trust’s dividend payout ratio is presently -78.48%.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian purchased 7,750 shares of the stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of $17.39 per share, with a total value of $134,772.50. Following the completion of the transaction, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter F. Sr Lyle, Sr. purchased 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $17.21 per share, with a total value of $172,100.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Over the last quarter, insiders purchased 18,750 shares of company stock valued at $323,723. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. boosted its position in Healthcare Realty Trust by 3.6% during the 3rd quarter. Franklin Resources Inc. now owns 180,958 shares of the real estate investment trust’s stock worth $3,160,000 after purchasing an additional 6,238 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Healthcare Realty Trust in the third quarter worth about $78,000. Sanctuary Advisors LLC acquired a new stake in shares of Healthcare Realty Trust in the third quarter valued at about $194,000. Barclays PLC raised its holdings in shares of Healthcare Realty Trust by 116.2% during the 3rd quarter. Barclays PLC now owns 722,582 shares of the real estate investment trust’s stock valued at $13,117,000 after buying an additional 388,305 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $849,000.

Healthcare Realty Trust Company Profile

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.