Healthcare Realty Trust Incorporated (NYSE:HR) Receives Average Rating of “Hold” from Brokerages

Healthcare Realty Trust Incorporated (NYSE:HR) has been given a consensus recommendation of “Hold” by the six research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $17.17.

Several research analysts recently commented on HR shares. Scotiabank raised their price target on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 price target (up previously from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st.

Insider Transactions at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian bought 7,750 shares of the stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of $17.39 per share, for a total transaction of $134,772.50. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Knox Singleton purchased 6,500 shares of Healthcare Realty Trust stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the transaction, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. This represents a 12.85 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in Healthcare Realty Trust by 7.2% in the second 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 during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Healthcare Realty Trust by 6.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust’s stock valued at $78,843,000 after acquiring an additional 301,747 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Healthcare Realty Trust by 5.1% in the second quarter. Bank of New York Mellon Corp now owns 4,492,116 shares of the real estate investment trust’s stock worth $74,030,000 after acquiring an additional 216,662 shares during the period. Sei Investments Co. raised its holdings in shares of Healthcare Realty Trust by 4.6% during the second quarter. Sei Investments Co. now owns 2,367,735 shares of the real estate investment trust’s stock worth $39,020,000 after purchasing an additional 103,259 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new position in Healthcare Realty Trust during the third quarter valued at $40,392,000.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR opened at $18.12 on Wednesday. The business’s 50 day moving average price is $17.75 and its 200-day moving average price is $17.38. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90. The company has a market cap of $6.42 billion, a price-to-earnings ratio of -11.47 and a beta of 0.93.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 6.84%. Healthcare Realty Trust’s dividend payout ratio is currently -78.48%.

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.