Brokerages Set Healthcare Realty Trust Incorporated (NYSE:HR) PT at $17.17

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have earned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.17.

Separately, Wells Fargo & Company reaffirmed 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.

Insider Activity

In related news, Director Thomas N. Bohjalian purchased 7,750 shares of Healthcare Realty Trust stock in a transaction dated 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 completion of the acquisition, the director now directly owns 50,002 shares of the company’s stock, valued at $869,534.78. This represents a 18.34 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HR. Comerica Bank boosted its holdings in shares of Healthcare Realty Trust by 39.4% in the first quarter. Comerica Bank now owns 251,393 shares of the real estate investment trust’s stock valued at $3,557,000 after buying an additional 71,057 shares during the period. Virtu Financial LLC acquired a new position in Healthcare Realty Trust during the first quarter worth $152,000. Cetera Advisors LLC acquired a new position in Healthcare Realty Trust during the first quarter worth $330,000. GAMMA Investing LLC boosted its holdings in Healthcare Realty Trust by 67.2% during the second quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 2,238 shares during the last quarter. Finally, CWM LLC boosted its holdings in Healthcare Realty Trust by 16.9% during the second quarter. CWM LLC now owns 18,103 shares of the real estate investment trust’s stock worth $298,000 after purchasing an additional 2,623 shares during the last quarter.

Healthcare Realty Trust Price Performance

HR opened at $17.99 on Wednesday. The company has a market cap of $6.38 billion, a price-to-earnings ratio of -11.59 and a beta of 0.93. The firm has a 50 day simple moving average of $17.76 and a 200 day simple moving average of $17.41. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend was Tuesday, November 12th. Healthcare Realty Trust’s payout ratio is presently -78.48%.

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.