Healthcare Realty Trust (NYSE:HR) Downgraded by Wedbush to “Underperform”

Wedbush lowered shares of Healthcare Realty Trust (NYSE:HR) from a neutral rating to an underperform rating in a research note issued to investors on Thursday, MarketBeat reports. Wedbush currently has $16.00 price target on the real estate investment trust’s stock, down from their previous price target of $18.00.

Several other brokerages have also issued reports on HR. Wells Fargo & Company reiterated an “underweight” rating and issued a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.14.

Healthcare Realty Trust Trading Down 2.8 %

HR opened at $16.47 on Thursday. The company has a market cap of $5.84 billion, a price-to-earnings ratio of -10.42 and a beta of 0.93. The stock has a fifty day simple moving average of $17.51 and a two-hundred day simple moving average of $17.54. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $18.90.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.53%. The ex-dividend date of this dividend was Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -78.48%.

Insider Activity at Healthcare Realty Trust

In related news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was 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 directly owns 26,576 shares of the company’s stock, valued at approximately $457,372.96. This trade represents a 60.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas N. Bohjalian bought 7,750 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was bought 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 of the company’s stock, valued at $869,534.78. The trade was a 18.34 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 18,750 shares of company stock valued at $323,723. 0.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HR. Allspring Global Investments Holdings LLC grew its stake in shares of Healthcare Realty Trust by 38.1% during 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 during the period. EverSource Wealth Advisors LLC grew 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 valued at $50,000 after buying an additional 2,030 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Healthcare Realty Trust during the third quarter valued at approximately $65,000. Wilmington Savings Fund Society FSB purchased a new stake in Healthcare Realty Trust during the third quarter valued at approximately $78,000. Finally, Harbor Capital Advisors Inc. bought a new position in Healthcare Realty Trust in the third quarter worth approximately $89,000.

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.