Healthcare Realty Trust Incorporated (NYSE:HR) Receives $17.17 Average Price Target from Brokerages

Healthcare Realty Trust Incorporated (NYSE:HR) has received a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.17.

Several equities analysts have recently weighed in on HR shares. Wedbush raised their price target on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Wells Fargo & Company restated an “underweight” rating and set a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. Finally, Scotiabank raised their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th.

Insider Activity at Healthcare Realty Trust

In other news, Director John Knox Singleton acquired 6,500 shares of Healthcare Realty Trust stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of $18.24 per share, with a total value of $118,560.00. Following the purchase, the director now directly owns 57,082 shares in the company, valued at $1,041,175.68. The trade was a 12.85 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Healthcare Realty Trust

Several large investors have recently modified their holdings of the stock. Centersquare Investment Management LLC purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter worth $1,246,000. SG Americas Securities LLC lifted its holdings in shares of Healthcare Realty Trust by 394.9% in the 1st quarter. SG Americas Securities LLC now owns 388,015 shares of the real estate investment trust’s stock worth $5,490,000 after buying an additional 309,609 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Healthcare Realty Trust by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after buying an additional 723,197 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter worth $719,000. Finally, Tidal Investments LLC purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter worth $1,360,000.

Healthcare Realty Trust Trading Up 0.6 %

HR opened at $17.49 on Friday. The stock has a fifty day simple moving average of $17.81 and a two-hundred day simple moving average of $17.15. The company has a market cap of $6.20 billion, a price-to-earnings ratio of -11.07 and a beta of 0.91. Healthcare Realty Trust has a 12-month low of $12.77 and a 12-month high of $18.90.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend is Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) 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.