JPMorgan Chase & Co. Downgrades Healthcare Realty Trust (NYSE:HR) to Neutral

Healthcare Realty Trust (NYSE:HR) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Friday, Marketbeat.com reports. They presently have a $19.00 price target on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 13.77% from the company’s current price.

Separately, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.50.

Healthcare Realty Trust Price Performance

Shares of NYSE HR opened at $16.70 on Friday. The company has a 50-day simple moving average of $17.72 and a 200-day simple moving average of $17.52. The company has a market cap of $5.92 billion, a PE ratio of -10.57 and a beta of 0.93. Healthcare Realty Trust has a 12 month low of $12.77 and a 12 month high of $18.90.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Peter F. Sr Lyle, Sr. purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $17.21 per share, for a total transaction of $172,100.00. Following the completion of the acquisition, the director now owns 26,576 shares of the company’s stock, valued at approximately $457,372.96. This represents a 60.33 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas N. Bohjalian acquired 7,750 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average price of $17.39 per share, with a total value of $134,772.50. Following the completion of the purchase, the director now owns 50,002 shares of the company’s stock, valued at $869,534.78. This trade represents a 18.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Institutional Trading of Healthcare Realty Trust

Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in Healthcare Realty Trust by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock valued at $96,513,000 after acquiring an additional 395,243 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Healthcare Realty Trust by 6.7% in the second quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust’s stock valued at $78,843,000 after purchasing an additional 301,747 shares during the period. Bank of New York Mellon Corp grew its holdings in Healthcare Realty Trust by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,492,116 shares of the real estate investment trust’s stock valued at $74,030,000 after purchasing an additional 216,662 shares in the last quarter. Sei Investments Co. increased its stake in Healthcare Realty Trust by 4.6% during the 2nd quarter. Sei Investments Co. now owns 2,367,735 shares of the real estate investment trust’s stock worth $39,020,000 after buying an additional 103,259 shares during the period. Finally, Pzena Investment Management LLC purchased a new stake in Healthcare Realty Trust during the 3rd quarter worth $40,392,000.

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.