Teachers Retirement System of The State of Kentucky Lowers Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Teachers Retirement System of The State of Kentucky lessened its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 121,849 shares of the real estate investment trust’s stock after selling 6,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Healthcare Realty Trust were worth $2,099,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Healthcare Realty Trust by 18.3% during the 4th quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust’s stock valued at $33,405,000 after buying an additional 297,603 shares in the last quarter. abrdn plc lifted its position in shares of Healthcare Realty Trust by 192.4% during the 4th quarter. abrdn plc now owns 247,562 shares of the real estate investment trust’s stock valued at $4,265,000 after buying an additional 162,886 shares in the last quarter. Beach Investment Counsel Inc. PA lifted its position in shares of Healthcare Realty Trust by 148.6% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock valued at $29,136,000 after buying an additional 1,010,841 shares in the last quarter. Channing Capital Management LLC purchased a new position in shares of Healthcare Realty Trust during the 4th quarter valued at approximately $7,748,000. Finally, Gillson Capital LP purchased a new position in shares of Healthcare Realty Trust during the 4th quarter valued at approximately $3,374,000.

Healthcare Realty Trust Stock Down 0.2 %

Shares of HR opened at $16.05 on Friday. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $20.25. The company has a market capitalization of $6.07 billion, a PE ratio of -12.06 and a beta of 0.86. The stock has a fifty day simple moving average of $15.46 and a two-hundred day simple moving average of $15.38.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date was Friday, May 10th. Healthcare Realty Trust’s payout ratio is -93.23%.

Analyst Ratings Changes

A number of research analysts have weighed in on HR shares. JPMorgan Chase & Co. decreased their price objective on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Scotiabank raised their price objective on Healthcare Realty Trust from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Wells Fargo & Company raised their price objective on Healthcare Realty Trust from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, June 14th. Finally, Wedbush raised their price objective on Healthcare Realty Trust from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.40.

About Healthcare Realty Trust

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.