Healthcare Realty Trust Incorporated (NYSE:HR) Given Consensus Rating of "Reduce" by Analysts

Healthcare Realty Trust Incorporated (NYSE:HR - Get Free Report) has been given a consensus recommendation of "Reduce" by the six analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.50.

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research report on Friday, December 20th. Wells Fargo & Company restated an "underweight" rating and set a $17.00 price target (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 7,750 shares of the 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 completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $17.21 per share, for a total transaction of $172,100.00. Following the purchase, the director now owns 26,576 shares of the company's stock, valued at $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 acquired a total of 18,750 shares of company stock worth $323,723 in the last quarter. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

Several hedge funds have recently made changes to their positions in HR. Allspring Global Investments Holdings LLC raised its holdings in shares of Healthcare Realty Trust by 38.1% in the second 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 in the last quarter. EverSource Wealth Advisors LLC increased its position in 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 valued at $50,000 after purchasing an additional 2,030 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Healthcare Realty Trust in the 3rd quarter valued at about $65,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Healthcare Realty Trust in the 3rd quarter worth approximately $78,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Healthcare Realty Trust during the third quarter valued at approximately $89,000.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock traded down $0.16 during trading hours on Friday, reaching $16.86. The company's stock had a trading volume of 1,196,421 shares, compared to its average volume of 3,474,712. Healthcare Realty Trust has a one year low of $12.77 and a one year high of $18.90. The firm has a 50 day moving average price of $17.62 and a 200-day moving average price of $17.55. The stock has a market cap of $5.97 billion, a P/E ratio of -10.67 and a beta of 0.93.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were issued a $0.31 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.35%. 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.