JPMorgan Chase & Co. Has $47.18 Million Position in Healthcare Realty Trust Incorporated (NYSE:HR)

JPMorgan Chase & Co. reduced its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 61.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,599,390 shares of the real estate investment trust’s stock after selling 4,170,006 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.73% of Healthcare Realty Trust worth $47,179,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HR. Franklin Resources Inc. grew its position in Healthcare Realty Trust by 3.6% in the 3rd quarter. Franklin Resources Inc. now owns 180,958 shares of the real estate investment trust’s stock valued at $3,160,000 after purchasing an additional 6,238 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Healthcare Realty Trust during the third quarter valued at about $78,000. Sanctuary Advisors LLC bought a new stake in shares of Healthcare Realty Trust during the third quarter worth about $194,000. Barclays PLC raised its holdings in shares of Healthcare Realty Trust by 116.2% in the 3rd quarter. Barclays PLC now owns 722,582 shares of the real estate investment trust’s stock worth $13,117,000 after acquiring an additional 388,305 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Healthcare Realty Trust in the 3rd quarter valued at about $849,000.

Insider Transactions at Healthcare Realty Trust

In other news, COO Robert E. Hull sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total transaction of $174,800.00. Following the sale, the chief operating officer now directly owns 171,400 shares of the company’s stock, valued at $2,996,072. This represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas N. Bohjalian acquired 7,750 shares of the stock in a transaction on Friday, November 22nd. The shares were acquired at an average price of $17.39 per share, with a total value of $134,772.50. Following the transaction, the director now directly owns 50,002 shares of the company’s stock, valued at $869,534.78. The trade was a 18.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 18,750 shares of company stock valued at $323,723 over the last three months. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on HR shares. Wells Fargo & Company reiterated an “underweight” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Friday, December 20th. Wedbush lowered shares of Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $18.00 to $16.00 in a report on Thursday. Finally, Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $19.00 to $17.00 in a research report on Thursday. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.14.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $16.57 on Monday. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The company’s fifty day simple moving average is $17.49 and its 200-day simple moving average is $17.57. The stock has a market capitalization of $5.87 billion, a PE ratio of -10.49 and a beta of 0.94.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a $0.31 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.48%. Healthcare Realty Trust’s payout ratio is currently -78.48%.

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.