Healthcare Realty Trust Inc. (HR) Upgraded by Zacks Investment Research to “Hold”
According to Zacks, “Healthcare Realty Trust is a real estate investment trust that integrates owning, managing and developing income-producing real estate properties associated with the delivery of healthcare services throughout the United States. “
A number of other equities analysts have also commented on the stock. Stifel Nicolaus raised their target price on shares of Healthcare Realty Trust from $34.00 to $36.00 and gave the stock a buy rating in a research report on Thursday, August 4th. Mizuho raised their target price on shares of Healthcare Realty Trust from $29.00 to $34.00 and gave the stock a neutral rating in a research report on Monday, August 8th. Cantor Fitzgerald raised shares of Healthcare Realty Trust from a hold rating to a buy rating and cut their price objective for the company from $37.00 to $35.00 in a report on Monday, November 14th. They noted that the move was a valuation call. Wells Fargo & Co. reissued a hold rating on shares of Healthcare Realty Trust in a report on Sunday, September 4th. Finally, JMP Securities raised shares of Healthcare Realty Trust from an underperform rating to a market perform rating in a report on Friday, November 4th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $31.88.
Shares of Healthcare Realty Trust (NYSE:HR) traded up 0.32% during mid-day trading on Friday, hitting $28.62. The stock had a trading volume of 48,828 shares. The stock has a market cap of $3.32 billion, a P/E ratio of 58.65 and a beta of 0.40. The company’s 50 day moving average is $31.21 and its 200-day moving average is $33.31. Healthcare Realty Trust has a 52-week low of $26.42 and a 52-week high of $36.60.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.21%. The ex-dividend date is Monday, November 14th. Healthcare Realty Trust’s payout ratio is currently 240.00%.
In other Healthcare Realty Trust news, Director Charles Raymond Fernandez sold 5,000 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $35.06, for a total value of $175,300.00. Following the sale, the director now directly owns 13,583 shares of the company’s stock, valued at approximately $476,219.98. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David R. Emery acquired 68,000 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was purchased at an average cost of $28.84 per share, for a total transaction of $1,961,120.00. The disclosure for this purchase can be found here. Corporate insiders own 1.65% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA increased its stake in shares of Healthcare Realty Trust by 9.4% in the second quarter. Glenmede Trust Co. NA now owns 3,283 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 283 shares in the last quarter. Advisor Group Inc. purchased a new stake in shares of Healthcare Realty Trust during the second quarter worth approximately $120,000. Riverhead Capital Management LLC increased its stake in shares of Healthcare Realty Trust by 506.1% in the third quarter. Riverhead Capital Management LLC now owns 3,600 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 3,006 shares in the last quarter. Hexavest Inc. purchased a new stake in shares of Healthcare Realty Trust during the third quarter worth approximately $126,000. Finally, Daiwa Securities Group Inc. increased its stake in shares of Healthcare Realty Trust by 16.2% in the third quarter. Daiwa Securities Group Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 600 shares in the last quarter. 99.78% of the stock is currently owned by institutional investors.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust (REIT). The Company owns, acquires, manages, finances and develops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States. It provides property management services for approximately 140 healthcare-related properties, totaling over 9.8 million square feet.
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