Healthcare Realty Trust Incorporated (NYSE:HR) Given Average Rating of "Hold" by Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) have earned an average recommendation of "Hold" from 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 assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.17.

A number of research firms have commented on HR. Scotiabank raised their target price on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a "sector perform" rating in a report on Wednesday, August 7th. Wells Fargo & Company reissued an "underweight" rating and issued a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 7,750 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of $17.39 per share, for a total transaction of $134,772.50. Following the transaction, the director now owns 50,002 shares in the company, valued at $869,534.78. This trade represents a 18.34 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Knox Singleton acquired 6,500 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of $18.24 per share, with a total value of $118,560.00. Following the transaction, the director now owns 57,082 shares in the company, valued at $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 Trading of 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 grew 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 buying an additional 628 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Healthcare Realty Trust by 260.6% during 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 during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth about $65,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth about $78,000. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth about $89,000.

Healthcare Realty Trust Stock Up 0.4 %

Shares of NYSE HR traded up $0.07 during mid-day trading on Wednesday, hitting $18.19. 743,766 shares of the company were exchanged, compared to its average volume of 3,509,966. The stock has a 50 day simple moving average of $17.75 and a 200-day simple moving average of $17.39. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $18.90. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of -11.47 and a beta of 0.93.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.82%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -78.48%.

About Healthcare Realty Trust

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.