Rush Island Management LP cut its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 19.8% in the 1st quarter, HoldingsChannel reports. The firm owned 7,225,362 shares of the real estate investment trust’s stock after selling 1,782,540 shares during the period. Healthcare Realty Trust makes up 8.2% of Rush Island Management LP’s portfolio, making the stock its 5th biggest position. Rush Island Management LP’s holdings in Healthcare Realty Trust were worth $122,759,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wiser Advisor Group LLC bought a new position in shares of Healthcare Realty Trust in the 3rd quarter worth $25,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Healthcare Realty Trust during the 4th quarter worth $37,000. Main Street Group LTD purchased a new position in Healthcare Realty Trust in the first quarter worth $42,000. Prosperity Bancshares Inc purchased a new position in Healthcare Realty Trust in the fourth quarter worth $42,000. Finally, Inspire Investing LLC bought a new position in Healthcare Realty Trust in the first quarter valued at $45,000.
Healthcare Realty Trust Trading Up 1.9%
Shares of NYSE:HR opened at $21.94 on Wednesday. The stock has a market capitalization of $7.60 billion, a P/E ratio of -37.83 and a beta of 0.98. The stock’s 50-day moving average price is $20.49 and its 200-day moving average price is $18.87. Healthcare Realty Trust Incorporated has a 12-month low of $15.28 and a 12-month high of $22.04.
Healthcare Realty Trust Announces Dividend
The business 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. This represents a $0.96 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, May 11th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -165.52%.
Insider Buying and Selling
In other Healthcare Realty Trust news, CAO Amanda L. Callaway sold 25,767 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $20.37, for a total value of $524,873.79. Following the transaction, the chief accounting officer directly owned 109,954 shares of the company’s stock, valued at $2,239,762.98. The trade was a 18.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on HR. Weiss Ratings downgraded Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Raymond James Financial assumed coverage on Healthcare Realty Trust in a research report on Tuesday, June 16th. They set an “outperform” rating and a $24.00 price objective on the stock. UBS Group boosted their target price on Healthcare Realty Trust from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. upped their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Wells Fargo & Company lifted their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Healthcare Realty Trust has a consensus rating of “Hold” and an average target price of $21.67.
Healthcare Realty Trust Profile
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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