AE Wealth Management LLC Makes New Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

AE Wealth Management LLC purchased a new position in Healthcare Realty Trust Incorporated (NYSE:HRGet Rating) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 43,342 shares of the real estate investment trust’s stock, valued at approximately $904,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Healthcare Realty Trust by 2.7% during the first quarter. Vanguard Group Inc. now owns 22,207,069 shares of the real estate investment trust’s stock valued at $610,251,000 after purchasing an additional 585,270 shares during the last quarter. State Street Corp lifted its holdings in Healthcare Realty Trust by 1.8% during the second quarter. State Street Corp now owns 8,946,562 shares of the real estate investment trust’s stock valued at $243,346,000 after purchasing an additional 161,978 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Healthcare Realty Trust by 0.3% during the second quarter. Principal Financial Group Inc. now owns 5,923,295 shares of the real estate investment trust’s stock valued at $161,112,000 after purchasing an additional 16,357 shares during the last quarter. Invesco Ltd. lifted its holdings in Healthcare Realty Trust by 479.6% during the first quarter. Invesco Ltd. now owns 5,767,849 shares of the real estate investment trust’s stock valued at $158,500,000 after purchasing an additional 4,772,676 shares during the last quarter. Finally, Scout Investments Inc. lifted its holdings in Healthcare Realty Trust by 107.1% during the second quarter. Scout Investments Inc. now owns 4,250,962 shares of the real estate investment trust’s stock valued at $115,626,000 after purchasing an additional 2,198,390 shares during the last quarter. 98.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Healthcare Realty Trust from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, December 2nd. Citigroup cut Healthcare Realty Trust from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.50 to $22.00 in a research report on Wednesday, December 14th. Barclays decreased their price target on Healthcare Realty Trust from $33.00 to $28.00 in a research report on Thursday, November 10th. Finally, StockNews.com assumed coverage on Healthcare Realty Trust in a research report on Wednesday, October 12th. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $28.00.

Healthcare Realty Trust Price Performance

Shares of HR opened at $21.08 on Friday. The firm has a market cap of $8.02 billion, a P/E ratio of 78.08 and a beta of 0.70. The stock has a 50 day simple moving average of $19.69 and a two-hundred day simple moving average of $22.24. Healthcare Realty Trust Incorporated has a 1 year low of $18.16 and a 1 year high of $33.13.

Healthcare Realty Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, November 14th. This represents a $1.24 annualized dividend and a yield of 5.88%. 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 Profile

(Get Rating)

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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