Healthcare Realty Trust Inc. (HR) Given Average Rating of “Hold” by Brokerages
Healthcare Realty Trust Inc. (NYSE:HR) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $32.33.
A number of research firms have issued reports on HR. Cantor Fitzgerald restated a “hold” rating on shares of Healthcare Realty Trust in a report on Friday, September 9th. Zacks Investment Research lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 23rd. Wells Fargo & Co. restated a “hold” rating on shares of Healthcare Realty Trust in a report on Sunday, September 4th. Mizuho upped their target price on shares of Healthcare Realty Trust from $29.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Finally, BTIG Research began coverage on shares of Healthcare Realty Trust in a report on Thursday, August 25th. They issued a “neutral” rating on the stock.
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Healthcare Realty Trust (NYSE:HR) traded up 0.82% on Monday, hitting $29.66. 177,224 shares of the stock traded hands. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 60.78 and a beta of 0.40. The firm’s 50-day moving average price is $30.72 and its 200-day moving average price is $33.27. Healthcare Realty Trust has a 12-month low of $26.58 and a 12-month high of $36.60.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Monday, November 14th. Healthcare Realty Trust’s dividend payout ratio is currently 240.00%.
In related news, Director Nancy H. Agee acquired 1,100 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was bought at an average price of $33.68 per share, with a total value of $37,048.00. Following the purchase, the director now directly owns 3,555 shares in the company, valued at approximately $119,732.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David R. Emery acquired 72,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were bought at an average cost of $27.66 per share, with a total value of $1,991,520.00. The disclosure for this purchase can be found here. Insiders own 1.65% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA increased its stake in 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 during the period. Advisor Group Inc. acquired a new stake in Healthcare Realty Trust during the second quarter worth about $120,000. Riverhead Capital Management LLC increased its stake in 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 during the period. Hexavest Inc. acquired a new stake in Healthcare Realty Trust during the third quarter worth about $126,000. Finally, Daiwa Securities Group Inc. increased its stake in 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 during the period.
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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