Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.50 Consensus Target Price from Analysts

Healthcare Realty Trust Incorporated (NYSE:HR) has been given a consensus recommendation of “Reduce” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $17.50.

A number of analysts recently weighed in on the stock. 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 research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Friday, December 20th.

Healthcare Realty Trust Price Performance

HR opened at $16.95 on Friday. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90. The company has a market capitalization of $6.01 billion, a P/E ratio of -10.73 and a beta of 0.93. The firm’s fifty day moving average price is $17.59 and its two-hundred day moving average price is $17.55.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend was Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -78.48%.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian bought 7,750 shares of the company’s stock in a transaction on 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 completion of the purchase, the director now owns 50,002 shares in the company, valued at approximately $869,534.78. The trade was a 18.34 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Robert E. Hull sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total transaction of $174,800.00. Following the sale, the chief operating officer now directly owns 171,400 shares in the company, valued at $2,996,072. This trade represents a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 18,750 shares of company stock worth $323,723 in the last three months. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in HR. Franklin Resources Inc. raised its stake in shares of Healthcare Realty Trust by 3.6% during the third quarter. Franklin Resources Inc. now owns 180,958 shares of the real estate investment trust’s stock worth $3,160,000 after buying an additional 6,238 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at $78,000. Sanctuary Advisors LLC acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at $194,000. Barclays PLC boosted its position in shares of Healthcare Realty Trust by 116.2% in the 3rd quarter. Barclays PLC now owns 722,582 shares of the real estate investment trust’s stock worth $13,117,000 after purchasing an additional 388,305 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Healthcare Realty Trust during the third quarter worth $849,000.

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.