Healthcare Realty Trust Incorporated (NYSE:HR) Given Consensus Rating of “Reduce” by Brokerages

Shares of Healthcare Realty Trust Incorporated (NYSE:HR) have been assigned an average rating of “Reduce” from the seven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $17.14.

Several research analysts have recently weighed in on the company. Jefferies Financial Group downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. Wedbush cut shares of Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $18.00 to $16.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Friday, December 20th.

Insider Activity

In other news, Director Thomas N. Bohjalian acquired 7,750 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was acquired at an average price of $17.39 per share, with a total value of $134,772.50. Following the completion of the transaction, the director now directly owns 50,002 shares in the company, valued at approximately $869,534.78. This represents a 18.34 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert E. Hull sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total value of $174,800.00. Following the sale, the chief operating officer now owns 171,400 shares in the company, valued at $2,996,072. This trade represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 18,750 shares of company stock worth $323,723 in the last 90 days. 0.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in shares of Healthcare Realty Trust by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock valued at $96,513,000 after purchasing an additional 395,243 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in Healthcare Realty Trust during the 2nd quarter worth $221,000. EverSource Wealth Advisors LLC lifted its holdings in Healthcare Realty Trust by 260.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 2,030 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Healthcare Realty Trust in the 2nd quarter valued at about $291,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Healthcare Realty Trust during the second quarter valued at about $828,000.

Healthcare Realty Trust Stock Up 1.8 %

Shares of HR stock opened at $17.09 on Thursday. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $18.90. The stock has a market cap of $6.05 billion, a PE ratio of -10.81 and a beta of 0.94. The business has a 50-day simple moving average of $17.17 and a 200-day simple moving average of $17.55.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.