Thomas N. Bohjalian Purchases 7,750 Shares of Healthcare Realty Trust Incorporated (NYSE:HR) Stock

Healthcare Realty Trust Incorporated (NYSE:HR) Director Thomas N. Bohjalian bought 7,750 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of $17.39 per share, with a total value of $134,772.50. Following the completion of the purchase, the director now owns 50,002 shares in the company, valued at approximately $869,534.78. This represents a 18.34 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Healthcare Realty Trust Price Performance

HR opened at $17.30 on Friday. The stock has a market cap of $6.13 billion, a P/E ratio of -10.95 and a beta of 0.91. The stock’s 50 day simple moving average is $17.73 and its 200 day simple moving average is $17.26. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90.

Healthcare Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Healthcare Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in Healthcare Realty Trust by 38.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Healthcare Realty Trust by 260.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 2,030 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in Healthcare Realty Trust during the 3rd quarter valued at $65,000. Harbor Capital Advisors Inc. acquired a new stake in Healthcare Realty Trust during the 3rd quarter valued at $89,000. Finally, GAMMA Investing LLC grew its holdings in Healthcare Realty Trust by 67.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 2,238 shares during the last quarter.

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.