Healthcare Realty Trust Incorporated (NYSE:HR) Shares Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,193 shares of the real estate investment trust’s stock after buying an additional 793 shares during the period. Park Avenue Securities LLC’s holdings in Healthcare Realty Trust were worth $342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Investment Advisors LLC increased its holdings in shares of Healthcare Realty Trust by 31.0% during the 4th quarter. Capital Investment Advisors LLC now owns 469,323 shares of the real estate investment trust’s stock worth $7,955,000 after buying an additional 111,125 shares during the last quarter. Franklin Resources Inc. grew its position in Healthcare Realty Trust by 3.6% during the third quarter. Franklin Resources Inc. now owns 180,958 shares of the real estate investment trust’s stock valued at $3,160,000 after acquiring an additional 6,238 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Healthcare Realty Trust during the third quarter worth about $78,000. Sanctuary Advisors LLC purchased a new position in shares of Healthcare Realty Trust in the 3rd quarter worth about $194,000. Finally, Barclays PLC grew its holdings in shares of Healthcare Realty Trust by 116.2% during the 3rd quarter. Barclays PLC now owns 722,582 shares of the real estate investment trust’s stock worth $13,117,000 after purchasing an additional 388,305 shares during the period.

Insider Buying and Selling at Healthcare Realty Trust

In related news, Director Peter F. Sr Lyle, Sr. bought 10,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $17.21 per share, for a total transaction of $172,100.00. Following the purchase, the director now owns 26,576 shares in the company, valued at $457,372.96. This trade represents a 60.33 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas N. Bohjalian purchased 7,750 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of $17.39 per share, with a total value of $134,772.50. Following the completion of the purchase, the director now directly owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. This represents a 18.34 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 18,750 shares of company stock valued at $323,723 in the last three months. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HR. Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. 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, January 2nd. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Friday, December 20th. Finally, Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus target price of $17.14.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $16.78 on Friday. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The company has a market capitalization of $5.95 billion, a PE ratio of -10.62 and a beta of 0.94. The business has a 50-day moving average of $17.17 and a 200-day moving average of $17.55.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.24 annualized dividend and a yield of 7.39%. Healthcare Realty Trust’s dividend payout ratio is presently -78.48%.

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.