Healthcare Realty Trust Incorporated (NYSE:HR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.17.

Several research firms recently issued reports on HR. Wells Fargo & Company reiterated an “underweight” rating and issued a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. Scotiabank upped their price objective on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th.

Insider Activity

In other news, Director John Knox Singleton acquired 6,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, with a total value of $118,560.00. Following the purchase, the director now owns 57,082 shares in the company, valued at $1,041,175.68. This trade represents a 12.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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, for a total transaction of $134,772.50. Following the acquisition, the director now directly owns 50,002 shares in the company, valued at $869,534.78. This represents a 18.34 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Institutional Trading of Healthcare Realty Trust

Several large investors have recently bought and sold shares of the business. 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 valued at $50,000 after purchasing an additional 2,030 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Healthcare Realty Trust during the third quarter worth about $65,000. Wilmington Savings Fund Society FSB purchased a new position in Healthcare Realty Trust during the third quarter worth about $78,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Healthcare Realty Trust in the 3rd quarter valued at about $89,000.

Healthcare Realty Trust Trading Down 2.3 %

Shares of NYSE:HR opened at $18.12 on Wednesday. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $18.90. The business has a 50 day moving average of $17.75 and a two-hundred day moving average of $17.38. The company has a market capitalization of $6.42 billion, a PE ratio of -11.47 and a beta of 0.93.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 6.84%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio is presently -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.