LSV Asset Management acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 112,400 shares of the real estate investment trust’s stock, valued at approximately $1,905,000.
Several other hedge funds and other institutional investors have also modified their holdings of HR. Invesco Ltd. raised its holdings in shares of Healthcare Realty Trust by 233.8% during the third quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after acquiring an additional 5,393,651 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Healthcare Realty Trust by 68.7% during the third quarter. Russell Investments Group Ltd. now owns 4,392,815 shares of the real estate investment trust’s stock worth $79,201,000 after acquiring an additional 1,789,111 shares in the last quarter. Rush Island Management LP raised its holdings in Healthcare Realty Trust by 13.8% during the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock valued at $226,166,000 after buying an additional 1,728,491 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Healthcare Realty Trust by 418.3% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,947,274 shares of the real estate investment trust’s stock valued at $35,109,000 after buying an additional 1,571,583 shares in the last quarter. Finally, UBS Group AG raised its holdings in Healthcare Realty Trust by 124.0% during the third quarter. UBS Group AG now owns 2,282,951 shares of the real estate investment trust’s stock valued at $41,162,000 after buying an additional 1,263,863 shares in the last quarter.
Healthcare Realty Trust Stock Performance
Healthcare Realty Trust stock opened at $20.20 on Thursday. The business’s 50-day simple moving average is $18.64 and its 200-day simple moving average is $17.94. The firm has a market capitalization of $7.00 billion, a PE ratio of -34.82 and a beta of 0.97. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $20.61.
Healthcare Realty Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were paid a $0.24 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.8%. Healthcare Realty Trust’s payout ratio is presently -165.52%.
Wall Street Analyst Weigh In
Several research firms have weighed in on HR. Cantor Fitzgerald raised their target price on Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Citigroup raised their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada raised their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. Scotiabank raised their target price on Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $20.25.
Check Out Our Latest Stock Report on HR
Insider Activity at Healthcare Realty Trust
In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 10,000 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $18.09 per share, for a total transaction of $180,900.00. Following the completion of the purchase, the director owned 85,520 shares of the company’s stock, valued at approximately $1,547,056.80. This trade represents a 13.24% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.
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.
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