Hudson Edge Investment Partners Inc. acquired a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,481 shares of the real estate investment trust’s stock, valued at approximately $790,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wiser Advisor Group LLC acquired a new stake in shares of Healthcare Realty Trust in the 3rd quarter worth about $25,000. Eurizon Capital SGR S.p.A. bought a new position in Healthcare Realty Trust in the 4th quarter valued at about $37,000. Prosperity Bancshares Inc acquired a new position in Healthcare Realty Trust during the 4th quarter valued at about $42,000. Inspire Investing LLC acquired a new position in Healthcare Realty Trust during the 1st quarter valued at about $45,000. Finally, Danske Bank A S bought a new stake in Healthcare Realty Trust during the 3rd quarter worth approximately $47,000.
Healthcare Realty Trust Trading Down 0.0%
HR stock opened at $20.61 on Friday. The stock has a market cap of $7.14 billion, a P/E ratio of -35.53 and a beta of 0.98. The stock’s fifty day simple moving average is $20.00 and its two-hundred day simple moving average is $18.37. Healthcare Realty Trust Incorporated has a 1-year low of $15.28 and a 1-year high of $20.90.
Healthcare Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Monday, May 11th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -165.52%.
Analyst Ratings Changes
HR has been the subject of several analyst reports. Scotiabank increased their price objective on Healthcare Realty Trust from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Citigroup lifted their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Royal Bank Of Canada upped their price target on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Raymond James Financial started coverage on Healthcare Realty Trust in a research report on Tuesday, June 16th. They issued an “outperform” rating and a $24.00 price target for the company. Finally, Cantor Fitzgerald raised their price objective on Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of “Hold” and an average price target of $21.62.
Get Our Latest Research Report on Healthcare Realty Trust
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 dated Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total value of $524,873.79. Following the sale, the chief accounting officer owned 109,954 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.
Healthcare Realty Trust 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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