Healthcare Realty Trust Incorporated (NYSE:HR – Get Free Report)’s stock price traded down 3.3% during mid-day trading on Friday after BMO Capital Markets lowered their price target on the stock from $20.00 to $17.00. BMO Capital Markets currently has a market perform rating on the stock. Healthcare Realty Trust traded as low as $14.42 and last traded at $14.53. 3,265,492 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 2,636,146 shares. The stock had previously closed at $15.02.
HR has been the subject of several other reports. Wedbush assumed coverage on Healthcare Realty Trust in a research note on Tuesday. They set an “outperform” rating and a $17.00 target price for the company. Barclays reduced their target price on Healthcare Realty Trust from $25.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, August 11th. Citigroup reduced their target price on Healthcare Realty Trust from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, August 22nd. Finally, StockNews.com raised Healthcare Realty Trust to a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Healthcare Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $19.50.
Insider Buying and Selling
In other news, Director John Knox Singleton purchased 31,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $17.11 per share, for a total transaction of $538,965.00. Following the completion of the transaction, the director now owns 50,582 shares of the company’s stock, valued at $865,458.02. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by company insiders.
Institutional Trading of Healthcare Realty Trust
Several large investors have recently added to or reduced their stakes in HR. Massmutual Trust Co. FSB ADV raised its position in Healthcare Realty Trust by 122.9% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,716 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 946 shares in the last quarter. Allworth Financial LP raised its position in Healthcare Realty Trust by 158.3% in the 2nd quarter. Allworth Financial LP now owns 1,622 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 994 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Healthcare Realty Trust in the 1st quarter valued at about $31,000. Harbour Investments Inc. acquired a new stake in Healthcare Realty Trust in the 4th quarter valued at about $39,000. Finally, Kalos Management Inc. acquired a new stake in Healthcare Realty Trust in the 1st quarter valued at about $40,000.
Healthcare Realty Trust Stock Performance
The company has a market cap of $5.51 billion, a price-to-earnings ratio of -32.65 and a beta of 0.80. The business has a 50-day simple moving average of $16.96 and a 200-day simple moving average of $18.45.
Healthcare Realty Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.56%. Healthcare Realty Trust’s payout ratio is currently -269.57%.
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 June 30, 2023, the Company was invested in over 700 real estate properties totaling more than 40 million square feet and provided leasing and property management services to over 35 million square feet nationwide.