TheStreet upgraded shares of Healthcare Realty Trust (NYSE:HR) from a c+ rating to a b- rating in a research note published on Wednesday morning, TheStreetRatingsTable reports.
A number of other research analysts have also recently commented on HR. Morgan Stanley boosted their price target on Healthcare Realty Trust from $30.00 to $31.00 and gave the stock an equal weight rating in a report on Monday, March 15th. They noted that the move was a valuation call. Zacks Investment Research cut Healthcare Realty Trust from a buy rating to a hold rating in a report on Monday, April 26th. Finally, Wells Fargo & Company upped their price objective on Healthcare Realty Trust from $29.00 to $31.00 and gave the stock an equal weight rating in a report on Wednesday, March 31st. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $32.56.
HR stock opened at $32.42 on Wednesday. Healthcare Realty Trust has a twelve month low of $26.77 and a twelve month high of $34.01. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.81. The stock has a market cap of $4.59 billion, a PE ratio of 48.39 and a beta of 0.58. The company’s 50-day moving average is $31.16.
The company also recently declared a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Monday, May 17th were given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date was Friday, May 14th. Healthcare Realty Trust’s payout ratio is 73.33%.
In related news, EVP Robert E. Hull sold 11,447 shares of the company’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $31.00, for a total transaction of $354,857.00. Following the completion of the sale, the executive vice president now directly owns 155,287 shares in the company, valued at approximately $4,813,897. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HR. Marshall Wace North America L.P. purchased a new stake in Healthcare Realty Trust in the first quarter valued at about $39,000. First Trust Advisors LP raised its stake in Healthcare Realty Trust by 600.6% in the fourth quarter. First Trust Advisors LP now owns 146,640 shares of the real estate investment trust’s stock valued at $4,341,000 after buying an additional 125,710 shares during the last quarter. California Public Employees Retirement System raised its stake in Healthcare Realty Trust by 10.2% in the fourth quarter. California Public Employees Retirement System now owns 342,755 shares of the real estate investment trust’s stock valued at $10,146,000 after buying an additional 31,640 shares during the last quarter. Bailard Inc. purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at about $361,000. Finally, Daiwa Securities Group Inc. raised its stake in Healthcare Realty Trust by 8.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 32,218 shares of the real estate investment trust’s stock valued at $954,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 95.84% of the company’s stock.
About Healthcare Realty Trust
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 September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.
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