VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) in the second quarter, Holdings Channel reports. The fund bought 152,200 shares of the real estate investment trust’s stock, valued at approximately $3,070,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC bought a new stake in Healthcare Realty Trust during the 2nd quarter worth approximately $26,000. Wiser Advisor Group LLC bought a new position in Healthcare Realty Trust in the 3rd quarter valued at $25,000. Eurizon Capital SGR S.p.A. bought a new position in Healthcare Realty Trust in the 4th quarter valued at $37,000. Versant Capital Management Inc grew its position in shares of Healthcare Realty Trust by 48.2% during the 2nd quarter. Versant Capital Management Inc now owns 2,274 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 740 shares in the last quarter. Finally, Main Street Group LTD purchased a new position in shares of Healthcare Realty Trust during the 1st quarter valued at $42,000.
Healthcare Realty Trust Price Performance
NYSE HR opened at $18.88 on Friday. The stock has a market capitalization of $6.47 billion, a PE ratio of -72.60 and a beta of 0.95. Healthcare Realty Trust Incorporated has a 1 year low of $16.31 and a 1 year high of $22.04. The business’s 50-day moving average is $20.11 and its 200 day moving average is $19.41.
Healthcare Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Tuesday, August 11th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -369.23%.
Insider Buying and Selling
In other Healthcare Realty Trust news, CAO Amanda L. Callaway sold 25,767 shares of Healthcare Realty Trust stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $20.37, for a total transaction of $524,873.79. Following the completion of the transaction, the chief accounting officer owned 109,954 shares in the company, valued at approximately $2,239,762.98. The trade was a 18.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert Hull sold 21,000 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $19.11, for a total value of $401,310.00. Following the completion of the transaction, the chief operating officer directly owned 276,338 shares of the company’s stock, valued at approximately $5,280,819.18. This represents a 7.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.56% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the company. Raymond James Financial started coverage on Healthcare Realty Trust in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $24.00 target price on the stock. Weiss Ratings upgraded Healthcare Realty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. BTIG Research reaffirmed a “buy” rating and issued a $22.00 target price on shares of Healthcare Realty Trust in a research note on Friday, June 12th. Finally, Wells Fargo & Company lowered their target price on shares of Healthcare Realty Trust from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.89.
Read Our Latest Analysis on HR
Healthcare Realty Trust Profile
Healthcare Realty Trust Incorporated is a real estate investment trust focused on owning, developing, acquiring, leasing and managing outpatient healthcare properties. Its portfolio primarily includes medical office buildings and other facilities that support outpatient care, such as ambulatory care centers and healthcare campuses.
The company serves healthcare providers across the United States, with properties generally located near hospitals and in major and growing markets. Its customers include health systems, physician groups and other healthcare providers.
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