Sumitomo Mitsui Trust Group Inc. Raises Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Sumitomo Mitsui Trust Group Inc. increased its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 289.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,552,109 shares of the real estate investment trust’s stock after buying an additional 1,153,657 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.44% of Healthcare Realty Trust worth $26,308,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pzena Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust in the third quarter worth $40,392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Healthcare Realty Trust by 358.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,110 shares of the real estate investment trust’s stock worth $38,879,000 after purchasing an additional 1,674,583 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Healthcare Realty Trust during the 3rd quarter valued at about $7,052,000. Barclays PLC lifted 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 valued at $13,117,000 after buying an additional 388,305 shares during the period. Finally, Cinctive Capital Management LP purchased a new stake in shares of Healthcare Realty Trust in the third quarter worth about $4,257,000.

Insiders Place Their Bets

In other news, Director Thomas N. Bohjalian acquired 7,750 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of $17.39 per share, for a total transaction of $134,772.50. Following 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter F. Sr Lyle, Sr. bought 10,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $17.21 per share, for a total transaction of $172,100.00. Following the transaction, the director now owns 26,576 shares of the company’s stock, valued at approximately $457,372.96. This represents a 60.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 18,750 shares of company stock worth $323,723. Company insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR opened at $16.15 on Wednesday. The business’s 50 day moving average price is $16.85 and its 200-day moving average price is $17.46. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of -10.22 and a beta of 0.94.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. 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 report on Friday, December 20th. Finally, Wedbush downgraded shares of Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $18.00 to $16.00 in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

About Healthcare Realty Trust

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.