Janney Montgomery Scott LLC Takes $206,000 Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Janney Montgomery Scott LLC acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HRGet Rating) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,483 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Systems of Alabama lifted its stake in Healthcare Realty Trust by 1.0% during the second quarter. Retirement Systems of Alabama now owns 631,712 shares of the real estate investment trust’s stock worth $17,183,000 after purchasing an additional 6,121 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Healthcare Realty Trust by 9.1% during the second quarter. DekaBank Deutsche Girozentrale now owns 39,417 shares of the real estate investment trust’s stock worth $1,071,000 after purchasing an additional 3,285 shares during the last quarter. Comerica Bank lifted its stake in Healthcare Realty Trust by 0.9% during the second quarter. Comerica Bank now owns 94,825 shares of the real estate investment trust’s stock worth $2,315,000 after purchasing an additional 841 shares during the last quarter. Xponance Inc. lifted its stake in Healthcare Realty Trust by 8.1% during the second quarter. Xponance Inc. now owns 23,436 shares of the real estate investment trust’s stock worth $637,000 after purchasing an additional 1,761 shares during the last quarter. Finally, US Bancorp DE lifted its stake in Healthcare Realty Trust by 6.8% during the second quarter. US Bancorp DE now owns 30,068 shares of the real estate investment trust’s stock worth $817,000 after purchasing an additional 1,916 shares during the last quarter. Hedge funds and other institutional investors own 92.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Capital One Financial restated an “overweight” rating on shares of Healthcare Realty Trust in a research note on Sunday, August 14th. Sumitomo Mitsui Financial Group upgraded Healthcare Realty Trust from a “neutral” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Thursday, August 11th. JPMorgan Chase & Co. began coverage on Healthcare Realty Trust in a research note on Thursday, July 21st. They issued a “neutral” rating for the company. StockNews.com began coverage on Healthcare Realty Trust in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Finally, Barclays reduced their price objective on Healthcare Realty Trust from $33.00 to $28.00 in a research note on Thursday, November 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Healthcare Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $29.71.

Healthcare Realty Trust Trading Down 1.3 %

NYSE:HR opened at $19.17 on Friday. The firm has a market cap of $4.39 billion, a P/E ratio of 71.00 and a beta of 0.70. The stock’s 50 day simple moving average is $20.70 and its 200-day simple moving average is $24.59. Healthcare Realty Trust Incorporated has a 12-month low of $18.40 and a 12-month high of $34.83.

Healthcare Realty Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend is Monday, November 14th. This is a positive change from Healthcare Realty Trust’s previous quarterly dividend of $0.20. Healthcare Realty Trust’s dividend payout ratio is currently 459.28%.

Healthcare Realty Trust Company Profile

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Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.

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Institutional Ownership by Quarter for Healthcare Realty Trust (NYSE:HR)

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