OVERSEA CHINESE BANKING Corp Ltd reduced its holdings in Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 79.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,933 shares of the real estate investment trust’s stock after selling 98,503 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Healthcare Realty Trust were worth $423,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wiser Advisor Group LLC acquired a new stake in shares of Healthcare Realty Trust in the third quarter valued at about $25,000. Smartleaf Asset Management LLC grew its position in Healthcare Realty Trust by 179.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 1,033 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Healthcare Realty Trust during the third quarter worth about $32,000. Danske Bank A S acquired a new stake in Healthcare Realty Trust during the third quarter worth about $47,000. Finally, Quent Capital LLC acquired a new stake in Healthcare Realty Trust during the third quarter worth about $54,000.
Healthcare Realty Trust Stock Up 1.5%
HR stock opened at $18.58 on Friday. Healthcare Realty Trust Incorporated has a twelve month low of $14.09 and a twelve month high of $18.97. The company has a market cap of $6.48 billion, a PE ratio of -26.17 and a beta of 0.97. The business’s 50-day simple moving average is $17.96 and its 200 day simple moving average is $17.67.
Healthcare Realty Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, February 24th. Healthcare Realty Trust’s payout ratio is presently -135.21%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on HR. Cantor Fitzgerald lifted their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Wall Street Zen raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group began coverage on Healthcare Realty Trust in a research report on Monday. They set a “neutral” rating and a $18.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Healthcare Realty Trust in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $18.78.
View Our Latest Stock Report on Healthcare Realty Trust
Insiders Place Their Bets
In related news, Director Thomas N. Bohjalian acquired 10,000 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were bought at an average cost of $18.09 per share, with a total value of $180,900.00. Following the completion of the acquisition, the director owned 85,520 shares of the company’s stock, valued at $1,547,056.80. This trade represents a 13.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.
Healthcare Realty Trust Company 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.
Further Reading
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