PNC Financial Services Group Inc. Sells 1,368 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

PNC Financial Services Group Inc. lowered its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,236 shares of the real estate investment trust’s stock after selling 1,368 shares during the period. PNC Financial Services Group Inc.’s holdings in Healthcare Realty Trust were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB boosted its holdings in shares of Healthcare Realty Trust by 18.3% in 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 purchasing an additional 297,603 shares in the last quarter. abrdn plc boosted its holdings 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 acquiring an additional 162,886 shares in the last quarter. Beach Investment Counsel Inc. PA boosted its holdings 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 acquiring an additional 1,010,841 shares in the last quarter. Channing Capital Management LLC acquired a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at $7,748,000. Finally, Gillson Capital LP acquired a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at $3,374,000.

Healthcare Realty Trust Stock Down 0.1 %

Shares of NYSE HR opened at $16.05 on Monday. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $20.25. The stock’s 50 day moving average price is $15.46 and its 200-day moving average price is $15.37. The company has a market capitalization of $6.08 billion, a PE ratio of -12.07 and a beta of 0.86.

Healthcare Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

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

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.