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

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

A number of other equities analysts have also recently commented on HR. Wells Fargo & Company reiterated an “underweight” rating and issued a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a report 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 price objective for the company. in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.14.

Healthcare Realty Trust Price Performance

Shares of HR opened at $16.57 on Thursday. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of -10.49 and a beta of 0.94. Healthcare Realty Trust has a 1 year low of $12.77 and a 1 year high of $18.90. The business’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 disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.48%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust’s payout ratio is currently -78.48%.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian purchased 7,750 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of $17.39 per share, with a total value of $134,772.50. Following the completion of the acquisition, the director now owns 50,002 shares in the company, valued at approximately $869,534.78. This represents a 18.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Robert E. Hull sold 10,000 shares of Healthcare Realty Trust stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the sale, the chief operating officer now owns 171,400 shares of the company’s stock, valued at $2,996,072. The trade was a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 18,750 shares of company stock valued at $323,723. 0.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Healthcare Realty Trust

A number of large investors have recently bought and sold shares of HR. Allspring Global Investments Holdings LLC boosted its holdings in Healthcare Realty Trust by 38.1% in the second 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 last quarter. Signaturefd LLC boosted its stake 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 worth $452,000 after buying an additional 823 shares during the last quarter. Victory Capital Management Inc. grew its holdings 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 acquiring an additional 848 shares during the period. Vanguard Personalized Indexing Management LLC raised its position 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 valued at $1,098,000 after acquiring an additional 929 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in Healthcare Realty Trust by 3.6% during the third quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust’s stock valued at $551,000 after acquiring an additional 1,062 shares in 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.