Pensionfund PDN purchased a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 64,719 shares of the real estate investment trust’s stock, valued at approximately $1,097,000.
Other large investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in Healthcare Realty Trust during the 1st quarter worth $205,000. Empowered Funds LLC bought a new position in shares of Healthcare Realty Trust during the 1st quarter worth $202,000. Creative Planning increased its stake in shares of Healthcare Realty Trust by 3.4% during the second quarter. Creative Planning now owns 120,177 shares of the real estate investment trust’s stock valued at $1,906,000 after buying an additional 3,911 shares during the period. Cetera Investment Advisers increased its stake in shares of Healthcare Realty Trust by 11.0% during the second quarter. Cetera Investment Advisers now owns 71,765 shares of the real estate investment trust’s stock valued at $1,138,000 after buying an additional 7,089 shares during the period. Finally, Intech Investment Management LLC raised its holdings in shares of Healthcare Realty Trust by 68.3% in the second quarter. Intech Investment Management LLC now owns 40,883 shares of the real estate investment trust’s stock valued at $648,000 after acquiring an additional 16,587 shares in the last quarter.
Healthcare Realty Trust Trading Up 1.9%
Shares of HR opened at $17.55 on Tuesday. The firm has a market cap of $6.12 billion, a PE ratio of -24.72 and a beta of 0.96. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.97. The stock has a fifty day moving average price of $17.65 and a 200-day moving average price of $17.73.
Healthcare Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.5%. Healthcare Realty Trust’s payout ratio is presently -135.21%.
Insider Activity
In related news, Director Thomas N. Bohjalian acquired 10,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $18.09 per share, for a total transaction of $180,900.00. Following the completion of the acquisition, the director directly owned 85,520 shares in the company, valued at $1,547,056.80. The trade was a 13.24% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on HR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Healthcare Realty Trust in a research note on Monday, December 29th. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Wells Fargo & Company upped their price target on shares of Healthcare Realty Trust from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Finally, Cantor Fitzgerald increased their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.88.
Read Our Latest Research Report on HR
Healthcare Realty Trust Company Profile
Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.
The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.
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