Healthcare Realty Trust (NYSE:HR) Upgraded to “Buy” by Citigroup

Citigroup upgraded shares of Healthcare Realty Trust (NYSE:HRGet Rating) from a neutral rating to a buy rating in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have $28.00 price target on the real estate investment trust’s stock, up from their previous price target of $27.00.

Several other brokerages have also issued reports on HR. StockNews.com upgraded shares of Healthcare Realty Trust to a sell rating in a report on Tuesday, August 30th. Sumitomo Mitsui Financial Group upgraded shares of Healthcare Realty Trust from a neutral rating to an outperform rating and set a $30.00 price objective on the stock in a report on Thursday, August 11th. Credit Suisse Group reduced their price objective on shares of Healthcare Realty Trust from $34.00 to $29.00 and set an outperform rating on the stock in a report on Monday, July 18th. JPMorgan Chase & Co. began coverage on shares of Healthcare Realty Trust in a research note on Thursday, July 21st. They set a neutral rating on the stock. Finally, BMO Capital Markets began coverage on shares of Healthcare Realty Trust in a research note on Wednesday, June 22nd. They set a hold rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $30.43.

Healthcare Realty Trust Trading Up 0.9 %

Shares of HR stock opened at $23.31 on Monday. The company’s 50-day moving average price is $25.07 and its 200-day moving average price is $26.76. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of 80.38 and a beta of 0.68. Healthcare Realty Trust has a twelve month low of $22.45 and a twelve month high of $34.83.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Tuesday, August 30th. Stockholders of record on Monday, August 15th were issued a $0.109 dividend. The ex-dividend date of this dividend was Friday, August 12th. Healthcare Realty Trust’s payout ratio is currently 151.73%.

Institutional Investors Weigh In On Healthcare Realty Trust

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Healthcare Realty Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 22,207,069 shares of the real estate investment trust’s stock valued at $610,251,000 after acquiring an additional 585,270 shares during the period. State Street Corp raised its stake in shares of Healthcare Realty Trust by 1.8% during the second quarter. State Street Corp now owns 8,946,562 shares of the real estate investment trust’s stock worth $243,346,000 after purchasing an additional 161,978 shares during the last quarter. Nuance Investments LLC raised its stake in shares of Healthcare Realty Trust by 55.7% during the first quarter. Nuance Investments LLC now owns 7,453,407 shares of the real estate investment trust’s stock worth $204,820,000 after purchasing an additional 2,667,613 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Healthcare Realty Trust by 0.3% during the second quarter. Principal Financial Group Inc. now owns 5,923,295 shares of the real estate investment trust’s stock worth $161,112,000 after purchasing an additional 16,357 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Healthcare Realty Trust by 479.6% during the first quarter. Invesco Ltd. now owns 5,767,849 shares of the real estate investment trust’s stock worth $158,500,000 after purchasing an additional 4,772,676 shares during the last quarter. 92.46% of the stock is owned by institutional investors and hedge funds.

About Healthcare Realty Trust

(Get Rating)

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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