Wells Fargo & Company Boosts Healthcare Realty Trust (NYSE:HR) Price Target to $17.00

Healthcare Realty Trust (NYSE:HR) had its price target upped by Wells Fargo & Company from $16.00 to $17.00 in a research note issued to investors on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Wedbush raised their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the company a neutral rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. reduced their price target on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an overweight rating for the company in a research report on Wednesday, March 6th. Stifel Nicolaus lowered Healthcare Realty Trust from a buy rating to a hold rating and lowered their price target for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Finally, Scotiabank upped their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the company a sector perform rating in a report on Thursday, May 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Healthcare Realty Trust currently has an average rating of Hold and an average price target of $17.40.

Healthcare Realty Trust Stock Performance

Shares of Healthcare Realty Trust stock opened at $16.50 on Friday. Healthcare Realty Trust has a 52-week low of $12.77 and a 52-week high of $20.25. The stock has a market cap of $6.25 billion, a PE ratio of -12.41 and a beta of 0.86. The firm has a 50-day moving average of $15.27 and a 200-day moving average of $15.36.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date was Friday, May 10th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HR. Provence Wealth Management Group bought a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $25,000. Lindbrook Capital LLC grew its stake in shares of Healthcare Realty Trust by 106.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 954 shares during the period. Quent Capital LLC raised its stake in Healthcare Realty Trust by 47.4% during the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 622 shares during the last quarter. Muzinich & Co. Inc. boosted its position in Healthcare Realty Trust by 98.1% in the fourth quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Quarry LP purchased a new stake in Healthcare Realty Trust during the fourth quarter valued at approximately $39,000.

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.