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

Healthcare Realty Trust Incorporated (NYSE:HR) has been given a consensus rating of “Hold” by the ten analysts that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.20.

Several brokerages have recently weighed in on HR. Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $18.00 target price on the stock. Wedbush raised their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Scotiabank raised their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Stifel Nicolaus lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th. Finally, Wells Fargo & Company cut their price target on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th.

Institutional Trading of Healthcare Realty Trust

Institutional investors have recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in Healthcare Realty Trust by 18.3% during the fourth quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust’s stock worth $33,405,000 after purchasing an additional 297,603 shares in the last quarter. abrdn plc boosted its position in Healthcare Realty Trust by 192.4% during the fourth quarter. abrdn plc now owns 247,562 shares of the real estate investment trust’s stock worth $4,265,000 after purchasing an additional 162,886 shares in the last quarter. New York Life Investment Management LLC boosted its position in Healthcare Realty Trust by 81.3% during the third quarter. New York Life Investment Management LLC now owns 47,537 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 21,315 shares in the last quarter. Beach Investment Counsel Inc. PA boosted its position in Healthcare Realty Trust by 148.6% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock worth $29,136,000 after purchasing an additional 1,010,841 shares in the last quarter. Finally, Channing Capital Management LLC acquired a new position in shares of Healthcare Realty Trust in the fourth quarter worth $7,748,000.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR opened at $15.65 on Friday. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $20.25. The firm has a market capitalization of $5.92 billion, a PE ratio of -11.77 and a beta of 0.78. The stock’s 50-day simple moving average is $14.50 and its 200-day simple moving average is $15.17.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were paid a $0.31 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.92%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -93.23%.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.