Nordea Investment Management AB decreased its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 21.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,989,491 shares of the real estate investment trust’s stock after selling 558,617 shares during the period. Nordea Investment Management AB owned approximately 0.57% of Healthcare Realty Trust worth $33,821,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of HR. Wiser Advisor Group LLC acquired a new stake in Healthcare Realty Trust in the 3rd quarter worth approximately $25,000. Smartleaf Asset Management LLC grew its position in Healthcare Realty Trust by 179.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,608 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 1,033 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Healthcare Realty Trust during the 3rd quarter valued at approximately $32,000. Danske Bank A S acquired a new position in Healthcare Realty Trust during the 3rd quarter valued at approximately $47,000. Finally, Quent Capital LLC purchased a new position in shares of Healthcare Realty Trust in the third quarter worth $54,000.
Healthcare Realty Trust Trading Up 1.9%
Shares of HR stock opened at $17.55 on Tuesday. The stock has a 50 day moving average of $17.65 and a 200 day moving average of $17.73. The stock has a market cap of $6.12 billion, a P/E ratio of -24.72 and a beta of 0.96. Healthcare Realty Trust Incorporated has a twelve month low of $14.09 and a twelve month high of $18.97.
Healthcare Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Tuesday, February 24th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.5%. The ex-dividend date was Tuesday, February 24th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -135.21%.
Insiders Place Their Bets
In other news, Director Thomas N. Bohjalian acquired 10,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $18.09 per share, for a total transaction of $180,900.00. Following the completion of the transaction, the director owned 85,520 shares in the company, valued at approximately $1,547,056.80. The trade was a 13.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.37% of the company’s stock.
Wall Street Analyst Weigh In
HR has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Healthcare Realty Trust in a research note on Monday, December 29th. Wells Fargo & Company upped their target price on Healthcare Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Cantor Fitzgerald lifted their price target on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $18.88.
Get Our Latest Stock Report on Healthcare Realty Trust
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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