Healthcare Realty Trust Incorporated (NYSE:HR – Get Free Report) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 14,280,000 shares, a decrease of 5.2% from the November 30th total of 15,060,000 shares. Based on an average daily volume of 3,160,000 shares, the short-interest ratio is currently 4.5 days.
Insider Buying and Selling
In other news, COO Robert E. Hull sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total transaction of $174,800.00. Following the completion of the transaction, the chief operating officer now owns 171,400 shares of the company’s stock, valued at approximately $2,996,072. This represents a 5.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Bohjalian acquired 7,750 shares of Healthcare Realty Trust stock in a transaction on Friday, November 22nd. The stock was purchased at an average price 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 approximately $869,534.78. This trade represents a 18.34 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 18,750 shares of company stock worth $323,723. Corporate insiders own 0.56% of the company’s stock.
Hedge Funds Weigh In On Healthcare Realty Trust
Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in Healthcare Realty Trust by 38.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 worth $50,000 after acquiring an additional 2,030 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Healthcare Realty Trust in the third quarter valued at $65,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Healthcare Realty Trust in the third quarter valued at about $78,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Healthcare Realty Trust during the 3rd quarter worth approximately $89,000.
Wall Street Analyst Weigh In
Get Our Latest Analysis on Healthcare Realty Trust
Healthcare Realty Trust Stock Performance
Healthcare Realty Trust stock traded up $0.32 during trading hours on Wednesday, reaching $16.95. 2,551,510 shares of the company’s stock traded hands, compared to its average volume of 3,466,269. Healthcare Realty Trust has a fifty-two week low of $12.77 and a fifty-two week high of $18.90. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of -10.73 and a beta of 0.93. The firm’s 50 day moving average is $17.57 and its 200-day moving average is $17.56.
Healthcare Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were given a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.32%. Healthcare Realty Trust’s dividend payout ratio is currently -78.48%.
About Healthcare Realty Trust
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.
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