Healthcare Realty Trust (NYSE:HR) Downgraded to “Hold” Rating 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 report released on Thursday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has $17.00 price target on the real estate investment trust’s stock, down from their previous price target of $19.00.

Other equities research analysts have also recently issued reports about the stock. 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 research report on Tuesday, October 1st. JPMorgan Chase & Co. lowered Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, December 20th. Finally, Wedbush downgraded Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $18.00 to $16.00 in a report on Thursday. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.14.

Healthcare Realty Trust Stock Performance

Shares of HR opened at $16.47 on Thursday. The business’s fifty day moving average price is $17.51 and its two-hundred day moving average price is $17.54. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of -10.42 and a beta of 0.93. Healthcare Realty Trust has a 52 week low of $12.77 and a 52 week 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 dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio is -78.48%.

Insiders Place Their Bets

In other news, Director Thomas N. Bohjalian purchased 7,750 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was bought at an average price of $17.39 per share, with a total value of $134,772.50. Following the acquisition, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the 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 transaction, the director now owns 26,576 shares of the company’s stock, valued at approximately $457,372.96. This represents a 60.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 18,750 shares of company stock worth $323,723 in the last quarter. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HR. Allspring Global Investments Holdings LLC lifted its stake in shares of 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 valued at $38,000 after acquiring an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings 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. Point72 Hong Kong Ltd bought a new position in Healthcare Realty Trust in the third quarter valued at about $65,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Healthcare Realty Trust during the third quarter valued at about $78,000. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Healthcare Realty Trust during the third quarter valued at about $89,000.

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.