Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Healthcare Realty Trust Inc shares valued at $431,952 were sold by Hull Robert E on Dec 19 ’23. At $17.01 per share, Hull Robert E sold 25,394 shares. The insider’s holdings dropped to 169,257 shares worth approximately $2.4 million following the completion of this transaction.
Also, Wilson Julie F. sold 4,100 shares, netting a total of over 70,930 in proceeds. Following the sale of shares at $17.30 each, the insider now holds 116,233 shares.
Before that, SINGLETON JOHN KNOX had added 31,500 shares to its account. In a trade valued at $538,965, the Director bought Healthcare Realty Trust Inc shares for $17.11 each. Upon closing the transaction, the insider’s holdings increased to 31,500 shares, worth approximately $0.72 million.
As published in a research note from Wedbush on February 20, 2024, Healthcare Realty Trust Inc [HR] has been rated down from an Outperform to a Neutral and the price target has been revised to $15 from $19. Analysts at Stifel downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid February. As of January 30, 2024, Deutsche Bank has initiated its “Hold” rating for HR. Earlier on October 24, 2023, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for HR stock which previously was a “a Neutral”.
Analyzing HR Stock Performance
During the last five days, there has been a surge of approximately 1.94%. Over the course of the year, Healthcare Realty Trust Inc shares have dropped approximately -17.64%. Shares of the company reached a 52-week high of $17.98 on 01/12/24 and a 52-week low of $12.77 on 03/15/24. A 50-day SMA is recorded $14.17, while a 200-day SMA reached $16.01. Nevertheless, trading volume fell to 3.1 million shares from 3.92 million shares the previous day.
Support And Resistance Levels for Healthcare Realty Trust Inc (HR)
According to the 24-hour chart, there is a support level at 13.99, which, if violated, would cause prices to drop to 13.79. In the upper region, resistance lies at 14.40. The next price resistance is at 14.61. RSI (Relative Strength Index) is 54.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 32.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Healthcare Realty Trust Inc subject to short interest?
Stocks of Healthcare Realty Trust Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -2.13 million shares to 7.46 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 9.59 million shares. A decline of -28.55% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.72 of the overall float, the days-to-cover ratio (short ratio) decline to 1.72.
