Healthcare Realty Trust Inc. (NYSE:HR)‘s stock had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald in a research report issued on Wednesday. They presently have a $35.00 price objective on the real estate investment trust’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 17.06% from the company’s current price.

The analysts wrote, “The early sale to GMRE of three rehab properties pushes $68 million of expected 2017 dispositions into 2016, and is good news in a market that has.””

HR has been the subject of several other reports. Zacks Investment Research lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. RBC Capital Markets reiterated a “hold” rating on shares of Healthcare Realty Trust in a research note on Monday, August 22nd. JMP Securities upgraded Healthcare Realty Trust from an “underperform” rating to a “market perform” rating in a research note on Friday, November 4th. They noted that the move was a valuation call. BTIG Research began coverage on Healthcare Realty Trust in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Co. reiterated a “hold” rating on shares of Healthcare Realty Trust in a research note on Sunday, September 4th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.88.

Analyst Recommendations for Healthcare Realty Trust (NYSE:HR)

Healthcare Realty Trust (NYSE:HR) traded down 1.74% during midday trading on Wednesday, hitting $29.38. The stock had a trading volume of 1,015,590 shares. Healthcare Realty Trust has a 1-year low of $26.58 and a 1-year high of $36.60. The stock’s 50-day moving average is $30.65 and its 200-day moving average is $33.29. The company has a market capitalization of $3.40 billion, a PE ratio of 60.20 and a beta of 0.40.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Monday, November 14th. Healthcare Realty Trust’s payout ratio is 240.00%.

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In other Healthcare Realty Trust news, Director Nancy H. Agee purchased 1,100 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was purchased at an average price of $33.68 per share, with a total value of $37,048.00. Following the acquisition, the director now owns 3,555 shares in the company, valued at $119,732.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David R. Emery purchased 72,000 shares of the stock in a transaction that occurred on Thursday, November 10th. The stock was acquired 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. 1.65% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HR. Legal & General Group Plc increased its position in shares of Healthcare Realty Trust by 6.6% in the first quarter. Legal & General Group Plc now owns 233,121 shares of the real estate investment trust’s stock worth $7,196,000 after buying an additional 14,341 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Healthcare Realty Trust by 121.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 164,631 shares of the real estate investment trust’s stock worth $5,085,000 after buying an additional 90,131 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Healthcare Realty Trust by 367.0% in the second quarter. BNP Paribas Arbitrage SA now owns 57,023 shares of the real estate investment trust’s stock worth $1,995,000 after buying an additional 44,812 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in shares of Healthcare Realty Trust during the second quarter worth approximately $175,000. Finally, Capstone Asset Management Co. increased its position in shares of Healthcare Realty Trust by 19.1% in the second quarter. Capstone Asset Management Co. now owns 9,496 shares of the real estate investment trust’s stock worth $332,000 after buying an additional 1,520 shares during the last quarter.

Healthcare Realty Trust Company Profile

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.

5 Day Chart for NYSE:HR

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