Impax Asset Management Group plc Sells 306,352 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Impax Asset Management Group plc trimmed its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 43.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,000 shares of the real estate investment trust’s stock after selling 306,352 shares during the quarter. Impax Asset Management Group plc owned approximately 0.11% of Healthcare Realty Trust worth $7,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Healthcare Realty Trust by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after buying an additional 723,197 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Healthcare Realty Trust in the 1st quarter valued at approximately $1,360,000. Linden Thomas Advisory Services LLC purchased a new position in shares of Healthcare Realty Trust in the 2nd quarter valued at approximately $515,000. Deerfield Management Company L.P. Series C purchased a new position in shares of Healthcare Realty Trust in the 2nd quarter valued at approximately $471,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Healthcare Realty Trust by 6.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust’s stock valued at $78,843,000 after purchasing an additional 301,747 shares during the period.

Healthcare Realty Trust Stock Up 0.6 %

Shares of Healthcare Realty Trust stock opened at $17.49 on Friday. The stock’s 50-day simple moving average is $17.81 and its 200-day simple moving average is $17.15. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $18.90. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of -11.07 and a beta of 0.91.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.09%. Healthcare Realty Trust’s payout ratio is -78.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HR shares. Scotiabank raised their target price on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Wedbush lifted their target price on Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $17.17.

Insider Activity

In other Healthcare Realty Trust news, Director John Knox Singleton acquired 6,500 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the transaction, the director now directly owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The trade was a 12.85 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.

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.