First Dallas Securities Inc. trimmed its position in Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 34.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,500 shares of the real estate investment trust’s stock after selling 28,750 shares during the period. First Dallas Securities Inc.’s holdings in Healthcare Realty Trust were worth $880,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in HR. Massachusetts Financial Services Co. MA acquired a new stake in Healthcare Realty Trust in the first quarter valued at approximately $100,817,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Healthcare Realty Trust by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,470,199 shares of the real estate investment trust’s stock worth $92,446,000 after purchasing an additional 139,019 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Healthcare Realty Trust by 1.0% in the 1st quarter. Northern Trust Corp now owns 4,080,435 shares of the real estate investment trust’s stock worth $68,959,000 after purchasing an additional 39,466 shares in the last quarter. Russell Investments Group Ltd. grew its position in Healthcare Realty Trust by 2.5% in the 1st quarter. Russell Investments Group Ltd. now owns 2,841,636 shares of the real estate investment trust’s stock valued at $48,023,000 after purchasing an additional 69,114 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Healthcare Realty Trust by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 2,278,809 shares of the real estate investment trust’s stock valued at $36,142,000 after purchasing an additional 14,015 shares in the last quarter.
Healthcare Realty Trust Stock Performance
NYSE:HR opened at $18.11 on Monday. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.97. The firm has a 50-day moving average price of $18.03 and a two-hundred day moving average price of $16.49. The firm has a market cap of $6.37 billion, a price-to-earnings ratio of -15.74 and a beta of 0.95.
Healthcare Realty Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Tuesday, November 11th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.96 annualized dividend and a dividend yield of 5.3%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -90.57%.
Insiders Place Their Bets
In related news, Director Thomas N. Bohjalian acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was acquired at an average price of $16.46 per share, for a total transaction of $164,600.00. Following the completion of the acquisition, the director owned 75,520 shares of the company’s stock, valued at approximately $1,243,059.20. This represents a 15.26% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $270,000.00. Following the completion of the sale, the executive vice president directly owned 113,419 shares in the company, valued at approximately $2,041,542. This represents a 11.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.
Wall Street Analyst Weigh In
HR has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of Healthcare Realty Trust in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $23.00 price objective on the stock. Royal Bank Of Canada started coverage on shares of Healthcare Realty Trust in a report on Wednesday, October 8th. They issued a “sector perform” rating and a $19.00 target price on the stock. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company raised Healthcare Realty Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $16.00 to $18.00 in a report on Monday, October 20th. Finally, Weiss Ratings upgraded Healthcare Realty Trust from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.75.
View Our Latest Report on Healthcare Realty Trust
About Healthcare Realty Trust
Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.
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