Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $32.13.
HR has been the subject of a number of recent analyst reports. Morgan Stanley raised their target price on Healthcare Realty Trust from $30.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, March 15th. They noted that the move was a valuation call. Wells Fargo & Company lifted their price target on Healthcare Realty Trust from $29.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 31st. Finally, Zacks Investment Research downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, April 26th.
Shares of NYSE HR opened at $32.42 on Tuesday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average is $31.16. Healthcare Realty Trust has a 1-year low of $26.77 and a 1-year high of $34.01. The firm has a market capitalization of $4.59 billion, a P/E ratio of 48.39 and a beta of 0.58.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Friday, May 14th. Healthcare Realty Trust’s dividend payout ratio is currently 73.33%.
In related news, EVP Robert E. Hull sold 11,447 shares of the business’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $31.00, for a total transaction of $354,857.00. Following the transaction, the executive vice president now directly owns 155,287 shares of the company’s stock, valued at approximately $4,813,897. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group raised its position in shares of Healthcare Realty Trust by 11.9% in the 1st quarter. Schroder Investment Management Group now owns 1,673,897 shares of the real estate investment trust’s stock valued at $50,753,000 after purchasing an additional 177,547 shares in the last quarter. Capital Advisors Inc. OK bought a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at approximately $214,000. Virtu Financial LLC bought a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at approximately $396,000. Gillson Capital LP grew its stake in Healthcare Realty Trust by 35.5% during the 1st quarter. Gillson Capital LP now owns 249,851 shares of the real estate investment trust’s stock worth $7,575,000 after buying an additional 65,501 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Healthcare Realty Trust by 139.5% during the 1st quarter. Millennium Management LLC now owns 716,506 shares of the real estate investment trust’s stock worth $21,724,000 after buying an additional 417,375 shares during the last quarter. 95.84% of the stock is currently owned by hedge funds and other institutional investors.
Healthcare Realty Trust Company Profile
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.
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