Park Avenue Securities LLC Acquires Shares of 10,110 Healthcare Realty Trust Incorporated (NYSE:HR)

Park Avenue Securities LLC acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HR – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,110 shares of the real estate investment trust’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HR. Advisor Group Holdings Inc. grew its position in shares of Healthcare Realty Trust by 20.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,544 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 1,640 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Healthcare Realty Trust by 161.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,705 shares of the real estate investment trust’s stock worth $569,000 after buying an additional 12,783 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Healthcare Realty Trust by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,073 shares of the real estate investment trust’s stock worth $1,486,000 after buying an additional 5,156 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Healthcare Realty Trust by 5.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 202,034 shares of the real estate investment trust’s stock worth $5,738,000 after buying an additional 10,717 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new position in shares of Healthcare Realty Trust during the 1st quarter worth $229,000. Institutional investors own 98.37% of the company’s stock.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock opened at $21.44 on Wednesday. The stock has a 50-day moving average of $19.86 and a two-hundred day moving average of $21.84. Healthcare Realty Trust Incorporated has a one year low of $18.16 and a one year high of $32.89. The stock has a market cap of $8.16 billion, a PE ratio of 79.41 and a beta of 0.70.

Healthcare Realty Trust Increases Dividend

The firm also recently declared 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 is a boost from Healthcare Realty Trust’s previous quarterly dividend of $0.20. This represents a $1.24 dividend on an annualized basis and a yield of 5.78%. Healthcare Realty Trust’s dividend payout ratio (DPR) is 459.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup downgraded Healthcare Realty Trust from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $22.50 to $22.00 in a research report on Wednesday, December 14th. Barclays decreased their price objective on Healthcare Realty Trust from $33.00 to $28.00 in a research note on Thursday, November 10th. JPMorgan Chase & Co. decreased their price objective on Healthcare Realty Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, December 2nd. Finally, StockNews.com initiated coverage on Healthcare Realty Trust in a research note on Wednesday, October 12th. They set a “sell” rating for the company. One research 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, the stock presently has an average rating of “Hold” and an average price target of $28.00.

Healthcare Realty Trust Company Profile

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Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded in 1992 and is headquartered in Nashville, TN.