Healthcare Realty Trust (NYSE:HR) Cut to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust (NYSE:HR) from an overweight rating to a neutral rating in a research report report published on Friday, MarketBeat reports. JPMorgan Chase & Co. currently has $19.00 price target on the real estate investment trust’s stock.

Separately, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $17.00 price target (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $17.50.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $16.88 on Friday. The company’s fifty day moving average price is $17.72 and its 200-day moving average price is $17.53. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of -10.68 and a beta of 0.93. Healthcare Realty Trust has a one year low of $12.77 and a one year high of $18.90.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a $0.31 dividend. 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 7.35%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -78.48%.

Insider Buying and Selling

In other news, Director Peter F. Sr Lyle, Sr. purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $17.21 per share, with a total value of $172,100.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas N. Bohjalian acquired 7,750 shares of the firm’s 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 transaction, the director now owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. This trade represents a 18.34 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 18,750 shares of company stock valued at $323,723 over the last 90 days. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HR. Allspring Global Investments Holdings LLC lifted 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 valued at $38,000 after purchasing an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Healthcare Realty Trust by 260.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 2,030 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Healthcare Realty Trust during the 3rd quarter valued at about $65,000. Wilmington Savings Fund Society FSB acquired a new stake in Healthcare Realty Trust in the 3rd quarter valued at about $78,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Healthcare Realty Trust in the 3rd quarter worth approximately $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.