Point72 Asset Management L.P. Buys Shares of 59,700 Healthcare Realty Trust Incorporated (NYSE:HR)

Point72 Asset Management L.P. purchased a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 59,700 shares of the real estate investment trust’s stock, valued at approximately $1,084,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HR. Dimensional Fund Advisors LP boosted its position in Healthcare Realty Trust by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock valued at $96,513,000 after purchasing an additional 395,243 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Healthcare Realty Trust by 6.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust’s stock valued at $78,843,000 after buying an additional 301,747 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Healthcare Realty Trust by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,492,116 shares of the real estate investment trust’s stock worth $74,030,000 after buying an additional 216,662 shares during the last quarter. Sei Investments Co. lifted its position in Healthcare Realty Trust by 4.6% during the second quarter. Sei Investments Co. now owns 2,367,735 shares of the real estate investment trust’s stock valued at $39,020,000 after acquiring an additional 103,259 shares during the last quarter. Finally, Pzena Investment Management LLC acquired a new stake in Healthcare Realty Trust in the third quarter valued at approximately $40,392,000.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Healthcare Realty Trust has an average rating of “Hold” and a consensus price target of $17.17.

Insider Activity

In other news, Director Thomas N. Bohjalian bought 7,750 shares of the stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of $17.39 per share, with a total value of $134,772.50. Following the purchase, the director now directly owns 50,002 shares in the company, valued at $869,534.78. The trade was a 18.34 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Price Performance

NYSE:HR opened at $17.61 on Wednesday. The company’s fifty day moving average price is $17.75 and its 200-day moving average price is $17.47. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The firm has a market capitalization of $6.24 billion, a P/E ratio of -11.15 and a beta of 0.93.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.04%. Healthcare Realty Trust’s payout ratio is currently -78.48%.

Healthcare Realty Trust Profile

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.