Handelsbanken Fonder AB lifted its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 32.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 231,476 shares of the real estate investment trust’s stock after buying an additional 56,900 shares during the period. Handelsbanken Fonder AB owned approximately 0.07% of Healthcare Realty Trust worth $4,669,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in HR. Jupiter Asset Management Ltd. purchased a new position in shares of Healthcare Realty Trust in the 4th quarter valued at $31,810,000. Harbour Investments Inc. boosted its position in Healthcare Realty Trust by 3,394.4% during the 4th quarter. Harbour Investments Inc. now owns 70,167 shares of the real estate investment trust’s stock worth $1,189,000 after purchasing an additional 68,159 shares during the period. Fifth Third Bancorp boosted its position in Healthcare Realty Trust by 1,293.6% during the 1st quarter. Fifth Third Bancorp now owns 295,660 shares of the real estate investment trust’s stock worth $5,023,000 after purchasing an additional 274,445 shares during the period. PGGM Investments acquired a new stake in Healthcare Realty Trust in the 4th quarter valued at $113,389,000. Finally, LSV Asset Management acquired a new stake in Healthcare Realty Trust in the 4th quarter valued at $1,905,000.
Healthcare Realty Trust Trading Up 0.1%
HR stock opened at $19.23 on Friday. Healthcare Realty Trust Incorporated has a twelve month low of $16.23 and a twelve month high of $22.04. The company has a market capitalization of $6.59 billion, a P/E ratio of -73.98 and a beta of 0.97. The firm has a 50 day simple moving average of $20.53 and a 200-day simple moving average of $19.13.
Healthcare Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 11th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, August 11th. Healthcare Realty Trust’s dividend payout ratio is -369.23%.
Insider Activity at Healthcare Realty Trust
In other news, CAO Amanda L. Callaway sold 25,767 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total transaction of $524,873.79. Following the transaction, the chief accounting officer owned 109,954 shares of the company’s stock, valued at approximately $2,239,762.98. This trade represents a 18.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on HR. Wells Fargo & Company upped their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, June 1st. UBS Group raised their target price on Healthcare Realty Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Scotiabank boosted their price target on Healthcare Realty Trust from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. BTIG Research restated a “buy” rating and issued a $22.00 price target on shares of Healthcare Realty Trust in a report on Friday, June 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.00.
Read Our Latest Stock Analysis on HR
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.
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