Capital Investment Advisors LLC raised its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 669,707 shares of the real estate investment trust’s stock after buying an additional 36,961 shares during the quarter. Capital Investment Advisors LLC owned about 0.19% of Healthcare Realty Trust worth $11,352,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of HR. Dynamic Technology Lab Private Ltd purchased a new position in shares of Healthcare Realty Trust during the 1st quarter worth $205,000. Empowered Funds LLC acquired a new stake in shares of Healthcare Realty Trust during the first quarter valued at about $202,000. Cetera Investment Advisers raised its position in Healthcare Realty Trust by 11.0% in the second quarter. Cetera Investment Advisers now owns 71,765 shares of the real estate investment trust’s stock valued at $1,138,000 after purchasing an additional 7,089 shares during the period. Intech Investment Management LLC lifted its stake in Healthcare Realty Trust by 68.3% during the 2nd quarter. Intech Investment Management LLC now owns 40,883 shares of the real estate investment trust’s stock worth $648,000 after acquiring an additional 16,587 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Healthcare Realty Trust by 11.2% in the second quarter. JPMorgan Chase & Co. now owns 6,794,815 shares of the real estate investment trust’s stock valued at $107,766,000 after purchasing an additional 683,211 shares during the period.
Healthcare Realty Trust Stock Performance
Shares of NYSE HR opened at $16.87 on Friday. The stock’s 50-day simple moving average is $17.65 and its 200-day simple moving average is $17.71. The firm has a market capitalization of $5.89 billion, a PE ratio of -23.76 and a beta of 0.96. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week high of $18.97.
Healthcare Realty Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, February 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.7%. Healthcare Realty Trust’s payout ratio is -135.21%.
Analyst Ratings Changes
HR has been the topic of a number of recent research reports. Wall Street Zen raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Healthcare Realty Trust in a research report on Monday, December 29th. Finally, Cantor Fitzgerald lifted their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.88.
View Our Latest Research Report on HR
Insider Buying and Selling at Healthcare Realty Trust
In other news, Director Thomas N. Bohjalian bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $18.09 per share, with a total value of $180,900.00. Following the transaction, the director directly owned 85,520 shares in the company, valued at $1,547,056.80. This trade represents a 13.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.
About Healthcare Realty Trust
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.
See Also
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