Dimensional Fund Advisors LP Boosts Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Dimensional Fund Advisors LP increased its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 2.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,350,051 shares of the real estate investment trust’s stock after purchasing an additional 109,686 shares during the period. Dimensional Fund Advisors LP’s holdings in Healthcare Realty Trust were worth $103,412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in HR. Belpointe Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at $32,000. Harbour Investments Inc. acquired a new stake in Healthcare Realty Trust during the 4th quarter worth $39,000. Kalos Management Inc. acquired a new stake in Healthcare Realty Trust during the 1st quarter worth $40,000. Parallel Advisors LLC raised its stake in Healthcare Realty Trust by 155.9% during the 1st quarter. Parallel Advisors LLC now owns 2,347 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,430 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Healthcare Realty Trust by 370.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,424 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,909 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HR. Barclays lowered their price objective on shares of Healthcare Realty Trust from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Friday, August 11th. Citigroup lowered their target price on shares of Healthcare Realty Trust from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, August 22nd. Finally, StockNews.com raised shares of Healthcare Realty Trust to a “sell” rating in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Healthcare Realty Trust presently has a consensus rating of “Hold” and an average price target of $20.75.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $16.73 on Friday. Healthcare Realty Trust Incorporated has a one year low of $16.50 and a one year high of $25.28. The company has a 50 day moving average price of $18.38 and a 200 day moving average price of $18.97. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of -36.37 and a beta of 0.77.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 7.41%. The ex-dividend date was Monday, August 14th. Healthcare Realty Trust’s payout ratio is currently -269.57%.

Insider Activity at Healthcare Realty Trust

In related news, Director John Knox Singleton acquired 31,500 shares of Healthcare Realty Trust stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $17.11 per share, for a total transaction of $538,965.00. Following the purchase, the director now directly owns 50,582 shares of the company’s stock, valued at approximately $865,458.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Healthcare Realty Trust Profile

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 June 30, 2023, the Company was invested in over 700 real estate properties totaling more than 40 million square feet and provided leasing and property management services to over 35 million square feet nationwide.