Geode Capital Management LLC raised its position in Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,053,360 shares of the real estate investment trust’s stock after acquiring an additional 101,382 shares during the period. Geode Capital Management LLC’s holdings in Healthcare Realty Trust were worth $119,578,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of HR. PGGM Investments acquired a new stake in Healthcare Realty Trust in the fourth quarter valued at approximately $113,389,000. Invesco Ltd. raised its holdings in shares of Healthcare Realty Trust by 233.8% in the third quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after buying an additional 5,393,651 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Healthcare Realty Trust by 68.7% in the third quarter. Russell Investments Group Ltd. now owns 4,392,815 shares of the real estate investment trust’s stock worth $79,201,000 after buying an additional 1,789,111 shares during the last quarter. Rush Island Management LP increased its holdings in Healthcare Realty Trust by 13.8% in the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock valued at $226,166,000 after buying an additional 1,728,491 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Healthcare Realty Trust by 418.3% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,947,274 shares of the real estate investment trust’s stock valued at $35,109,000 after buying an additional 1,571,583 shares in the last quarter.
Healthcare Realty Trust Stock Up 0.5%
Shares of NYSE HR opened at $19.66 on Friday. The company’s 50-day simple moving average is $18.93 and its 200-day simple moving average is $18.02. Healthcare Realty Trust Incorporated has a 52-week low of $14.19 and a 52-week high of $20.61. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of -33.90 and a beta of 0.98.
Healthcare Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were given a dividend of $0.24 per share. The ex-dividend date was Monday, May 11th. This represents a $0.96 dividend on an annualized basis and a yield of 4.9%. Healthcare Realty Trust’s payout ratio is presently -165.52%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on HR. UBS Group lifted their price objective on shares of Healthcare Realty Trust from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings cut shares of Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. Scotiabank lifted their price objective on shares of Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Citigroup lifted their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $20.50.
Read Our Latest Stock Report on HR
About Healthcare Realty Trust
Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.
The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.
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