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

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the seven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.14.

A number of analysts have commented on the stock. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. cut Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 target price on the stock. in a report on Friday, December 20th. Wedbush lowered Healthcare Realty Trust from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $18.00 to $16.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company reiterated an "underweight" rating and set a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st.

Healthcare Realty Trust Stock Up 1.6 %

HR stock traded up $0.27 during midday trading on Thursday, reaching $16.74. The company had a trading volume of 2,606,562 shares, compared to its average volume of 2,514,833. The firm has a market capitalization of $5.93 billion, a PE ratio of -10.59 and a beta of 0.94. The stock has a 50 day moving average price of $17.19 and a 200 day moving average price of $17.55. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust's dividend payout ratio (DPR) is -78.48%.

Insider Buying and Selling

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 cost of $17.39 per share, with a total value of $134,772.50. Following the purchase, the director now directly owns 50,002 shares of the company's stock, valued at approximately $869,534.78. This trade represents a 18.34 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter F. Sr Lyle, Sr. purchased 10,000 shares of Healthcare Realty Trust stock in a transaction dated 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 acquisition, the director now owns 26,576 shares in the company, 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 three months, insiders purchased 18,750 shares of company stock worth $323,723. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HR. Blue Trust Inc. lifted its holdings in Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 925 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Healthcare Realty Trust by 260.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust's stock worth $50,000 after buying an additional 2,030 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth $65,000. Wilmington Savings Fund Society FSB acquired a new position in Healthcare Realty Trust in the 3rd quarter valued at $78,000. Finally, Harbor Capital Advisors Inc. bought a new position in Healthcare Realty Trust in the 3rd quarter worth $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.