Advisors Asset Management Inc. Grows Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Advisors Asset Management Inc. increased its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 7.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,261 shares of the real estate investment trust’s stock after buying an additional 8,638 shares during the period. Advisors Asset Management Inc.’s holdings in Healthcare Realty Trust were worth $2,328,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new stake in shares of Healthcare Realty Trust in the 2nd quarter valued at about $10,304,000. Candriam S.C.A. purchased a new stake in Healthcare Realty Trust in the second quarter valued at approximately $8,911,000. Millennium Management LLC lifted its position in Healthcare Realty Trust by 1,003.2% during the second quarter. Millennium Management LLC now owns 435,977 shares of the real estate investment trust’s stock valued at $7,185,000 after purchasing an additional 396,456 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Healthcare Realty Trust by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock worth $96,513,000 after buying an additional 395,243 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Healthcare Realty Trust in the 3rd quarter worth $7,052,000.

Analyst Upgrades and Downgrades

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

Healthcare Realty Trust Trading Down 2.8 %

Shares of NYSE:HR opened at $17.30 on Friday. The stock has a market capitalization of $6.13 billion, a P/E ratio of -10.95 and a beta of 0.91. The stock’s 50-day moving average price is $17.73 and its 200-day moving average price is $17.26. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $18.90.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.17%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -78.48%.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director John Knox Singleton bought 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $18.24 per share, with a total value of $118,560.00. Following the completion of the purchase, the director now directly owns 57,082 shares in the company, valued at $1,041,175.68. This represents a 12.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas N. Bohjalian purchased 7,750 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of $17.39 per share, with a total value of $134,772.50. Following the transaction, the director now directly owns 50,002 shares in the company, valued at $869,534.78. This trade represents a 18.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 14,478 shares of company stock worth $257,332. 0.56% of the stock is currently owned by insiders.

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.