PNC Financial Services Group Inc. Decreases Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

PNC Financial Services Group Inc. lowered its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HRFree Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,236 shares of the real estate investment trust’s stock after selling 1,368 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Healthcare Realty Trust were worth $969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HR. Provence Wealth Management Group acquired a new stake in Healthcare Realty Trust during the 3rd quarter worth about $25,000. Lindbrook Capital LLC lifted its holdings in shares of Healthcare Realty Trust by 106.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 954 shares during the period. Quent Capital LLC boosted its position in Healthcare Realty Trust by 47.4% in the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 622 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Healthcare Realty Trust in the 4th quarter worth approximately $45,000. Finally, Principal Securities Inc. purchased a new position in Healthcare Realty Trust during the 4th quarter worth approximately $45,000.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock opened at $15.55 on Thursday. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $20.25. The stock has a market capitalization of $5.89 billion, a PE ratio of -11.69 and a beta of 0.78. The business has a 50 day simple moving average of $14.64 and a 200-day simple moving average of $15.20.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.97%. The ex-dividend date was Friday, May 10th. Healthcare Realty Trust’s payout ratio is presently -93.23%.

Analyst Ratings Changes

HR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Scotiabank increased their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Stifel Nicolaus lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $19.00 to $15.00 in a research note on Tuesday, February 20th. Wells Fargo & Company lowered their target price on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Finally, Wedbush lifted their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus target price of $17.20.

Read Our Latest Report on HR

About Healthcare Realty Trust

(Free Report)

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.

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

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