Healthcare Realty Trust (NYSE:HR) Rating Lowered to Neutral at JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Healthcare Realty Trust (NYSE:HR) from an overweight rating to a neutral rating in a report published on Friday morning, Marketbeat reports. They currently have $19.00 price objective on the real estate investment trust’s stock.

Separately, Wells Fargo & Company reissued an “underweight” rating and issued a $17.00 price target (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.50.

Healthcare Realty Trust Price Performance

NYSE:HR opened at $16.88 on Friday. Healthcare Realty Trust has a 1-year low of $12.77 and a 1-year high of $18.90. The business has a 50 day moving average of $17.72 and a 200 day moving average of $17.52. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of -10.68 and a beta of 0.93.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend was Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -78.48%.

Insider Buying and Selling at Healthcare Realty Trust

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

Hedge Funds Weigh In On Healthcare Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Healthcare Realty Trust by 38.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 628 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Healthcare Realty Trust by 3.4% in the third quarter. Signaturefd LLC now owns 24,912 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 823 shares during the period. Victory Capital Management Inc. raised its stake in shares of Healthcare Realty Trust by 1.1% in the second quarter. Victory Capital Management Inc. now owns 81,598 shares of the real estate investment trust’s stock valued at $1,345,000 after acquiring an additional 848 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Healthcare Realty Trust by 1.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 66,654 shares of the real estate investment trust’s stock valued at $1,098,000 after buying an additional 929 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of Healthcare Realty Trust by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust’s stock valued at $551,000 after purchasing an additional 1,062 shares during the last quarter.

Healthcare Realty Trust Company Profile

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.