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

Healthcare Realty Trust Incorporated (NYSE:HR) has been assigned an average recommendation of “Reduce” from the six brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $17.50.

HR has been the subject of a number of analyst reports. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Friday, December 20th. Wells Fargo & Company restated an “underweight” rating and issued a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st.

Insider Transactions at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 7,750 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Also, COO Robert E. Hull sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total value of $174,800.00. Following the sale, the chief operating officer now owns 171,400 shares in the company, valued at approximately $2,996,072. This trade represents a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 18,750 shares of company stock valued at $323,723. 0.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

Several hedge funds have recently added to or reduced their stakes in the business. Deerfield Management Company L.P. Series C acquired a new stake in shares of Healthcare Realty Trust in the second quarter valued at about $471,000. Thrivent Financial for Lutherans boosted its holdings in Healthcare Realty Trust by 6.7% in the second 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. Cerity Partners LLC increased its position in Healthcare Realty Trust by 106.4% during the 3rd quarter. Cerity Partners LLC now owns 77,545 shares of the real estate investment trust’s stock valued at $1,407,000 after purchasing an additional 39,975 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Healthcare Realty Trust during the 3rd quarter worth approximately $849,000. Finally, Weiss Asset Management LP acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter worth approximately $1,471,000.

Healthcare Realty Trust Trading Down 0.9 %

Shares of HR opened at $16.86 on Friday. The stock has a market capitalization of $5.97 billion, a PE ratio of -10.67 and a beta of 0.93. The firm’s 50 day moving average is $17.62 and its 200-day moving average is $17.55. Healthcare Realty Trust has a 12 month low of $12.77 and a 12 month high of $18.90.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.35%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust’s payout ratio is -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.