Healthcare Realty Trust (NYSE:HR) Cut to “Underperform” at Wedbush

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

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

Healthcare Realty Trust Stock Up 0.6 %

HR stock opened at $16.57 on Thursday. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90. The firm has a market cap of $5.87 billion, a P/E ratio of -10.49 and a beta of 0.94. The company’s 50-day simple moving average is $17.49 and its 200-day simple moving average is $17.56.

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 given a $0.31 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.48%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -78.48%.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian bought 7,750 shares of the stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost 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 approximately $869,534.78. This trade represents a 18.34 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $17.21 per share, for a total transaction of $172,100.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. Insiders have bought 18,750 shares of company stock valued at $323,723 over the last ninety days. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Healthcare Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HR. Allspring Global Investments Holdings LLC increased its stake in shares of 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 worth $38,000 after acquiring an additional 628 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Healthcare Realty Trust by 3.4% in the third quarter. Signaturefd LLC now owns 24,912 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 823 shares during the period. Victory Capital Management Inc. increased its position in Healthcare Realty Trust by 1.1% during the second quarter. Victory Capital Management Inc. now owns 81,598 shares of the real estate investment trust’s stock worth $1,345,000 after purchasing an additional 848 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Healthcare Realty Trust by 1.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,654 shares of the real estate investment trust’s stock worth $1,098,000 after purchasing an additional 929 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Healthcare Realty Trust by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust’s stock valued at $551,000 after purchasing an additional 1,062 shares during the last quarter.

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.