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

Healthcare Realty Trust Incorporated (NYSE:HR) has been given a consensus recommendation of “Reduce” by the six analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.00.

Several research firms have weighed in on HR. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Friday, December 20th. Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $19.00 to $17.00 in a report on Thursday, January 2nd. Finally, Wedbush lowered shares of Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $18.00 to $16.00 in a report on Thursday, January 2nd.

Healthcare Realty Trust Stock Down 2.0 %

HR opened at $16.69 on Thursday. The firm has a market cap of $5.91 billion, a P/E ratio of -10.56 and a beta of 0.94. Healthcare Realty Trust has a 52 week low of $12.77 and a 52 week high of $18.90. The business has a fifty day simple moving average of $17.14 and a 200-day simple moving average of $17.54.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of HR. Dimensional Fund Advisors LP increased its position 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 worth $96,513,000 after purchasing an additional 395,243 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Healthcare Realty Trust during the third quarter worth approximately $40,392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Healthcare Realty Trust by 358.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,110 shares of the real estate investment trust’s stock valued at $38,879,000 after buying an additional 1,674,583 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Healthcare Realty Trust by 289.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,552,109 shares of the real estate investment trust’s stock valued at $26,308,000 after buying an additional 1,153,657 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Healthcare Realty Trust by 116.2% during the third quarter. Barclays PLC now owns 722,582 shares of the real estate investment trust’s stock worth $13,117,000 after acquiring an additional 388,305 shares during the last quarter.

About Healthcare Realty Trust

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.