TD Asset Management Inc Raises Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

TD Asset Management Inc increased its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HRFree Report) by 194.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,384 shares of the real estate investment trust’s stock after purchasing an additional 44,484 shares during the quarter. TD Asset Management Inc’s holdings in Healthcare Realty Trust were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HR. Nordea Investment Management AB grew its holdings in shares of Healthcare Realty Trust by 18.3% during the fourth quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust’s stock worth $33,405,000 after buying an additional 297,603 shares in the last quarter. abrdn plc grew its stake in Healthcare Realty Trust by 192.4% in the 4th quarter. abrdn plc now owns 247,562 shares of the real estate investment trust’s stock worth $4,265,000 after acquiring an additional 162,886 shares during the period. Beach Investment Counsel Inc. PA raised its holdings in Healthcare Realty Trust by 148.6% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock valued at $29,136,000 after acquiring an additional 1,010,841 shares during the last quarter. Channing Capital Management LLC purchased a new position in shares of Healthcare Realty Trust during the 4th quarter worth $7,748,000. Finally, United Services Automobile Association boosted its holdings in shares of Healthcare Realty Trust by 7.3% during the fourth quarter. United Services Automobile Association now owns 29,505 shares of the real estate investment trust’s stock worth $508,000 after purchasing an additional 2,004 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HR shares. JPMorgan Chase & Co. reduced their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Stifel Nicolaus downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Wedbush upped their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 8th. Wells Fargo & Company lifted their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company an “equal weight” rating in a report on Thursday, May 30th. Finally, Scotiabank upped their price objective on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.30.

Read Our Latest Analysis on Healthcare Realty Trust

Healthcare Realty Trust Trading Up 0.5 %

Shares of NYSE HR opened at $16.60 on Monday. The stock has a fifty day moving average price of $15.01 and a 200 day moving average price of $15.29. The company has a market cap of $6.28 billion, a P/E ratio of -12.48 and a beta of 0.86. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $20.25.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 10th. This represents a $1.24 annualized dividend and a dividend yield of 7.47%. Healthcare Realty Trust’s payout ratio is currently -93.23%.

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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