Allianz Asset Management GmbH Acquires 140,396 Shares of Healthcare Realty Trust Incorporated $HR

Allianz Asset Management GmbH grew its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 36.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 527,024 shares of the real estate investment trust’s stock after purchasing an additional 140,396 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.15% of Healthcare Realty Trust worth $9,502,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Rush Island Management LP raised its stake in Healthcare Realty Trust by 13.8% in the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock worth $226,166,000 after buying an additional 1,728,491 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Healthcare Realty Trust by 15.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,859,453 shares of the real estate investment trust’s stock valued at $108,791,000 after acquiring an additional 893,938 shares during the period. JPMorgan Chase & Co. raised its position in shares of Healthcare Realty Trust by 11.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,794,815 shares of the real estate investment trust’s stock worth $107,766,000 after acquiring an additional 683,211 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Healthcare Realty Trust by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,562,311 shares of the real estate investment trust’s stock worth $88,218,000 after acquiring an additional 92,112 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Healthcare Realty Trust by 8.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,018,021 shares of the real estate investment trust’s stock worth $90,475,000 after purchasing an additional 404,855 shares during the last quarter.

Healthcare Realty Trust Stock Performance

Shares of HR opened at $16.95 on Monday. The stock has a 50-day moving average of $17.07 and a two-hundred day moving average of $17.42. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.97. The stock has a market cap of $5.96 billion, a P/E ratio of -15.99 and a beta of 0.97.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HR shares. Wall Street Zen upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings restated a “hold (c)” rating on shares of Healthcare Realty Trust in a report on Monday, December 29th. Citigroup lifted their price objective on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Wells Fargo & Company increased their target price on shares of Healthcare Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.13.

Healthcare Realty Trust Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.