Global Assets Advisory LLC Invests $349,000 in Healthcare Realty Trust Incorporated (NYSE:HR)

Global Assets Advisory LLC purchased a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,650 shares of the real estate investment trust’s stock, valued at approximately $349,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. APG Asset Management US Inc. raised its stake in shares of Healthcare Realty Trust by 12.0% in the 4th quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock valued at $216,527,000 after purchasing an additional 1,348,529 shares in the last quarter. Rush Island Management LP lifted its holdings in Healthcare Realty Trust by 43.7% during the 3rd quarter. Rush Island Management LP now owns 11,010,401 shares of the real estate investment trust’s stock worth $168,129,000 after buying an additional 3,350,506 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Healthcare Realty Trust by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,553,636 shares of the real estate investment trust’s stock worth $95,691,000 after acquiring an additional 77,951 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Healthcare Realty Trust by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,067,669 shares of the real estate investment trust’s stock valued at $87,316,000 after acquiring an additional 81,141 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Healthcare Realty Trust by 0.5% during the 3rd quarter. Northern Trust Corp now owns 3,699,775 shares of the real estate investment trust’s stock valued at $56,496,000 after acquiring an additional 17,743 shares in the last quarter.

Analysts Set New Price Targets

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

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock opened at $16.63 on Friday. The firm’s 50 day simple moving average is $15.67 and its 200-day simple moving average is $15.40. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $20.25. The company has a market cap of $6.30 billion, a P/E ratio of -12.50 and a beta of 0.86.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.46%. The ex-dividend date was Friday, May 10th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Healthcare Realty Trust Company 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.