Public Employees Retirement System of Ohio purchased a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 492,685 shares of the real estate investment trust’s stock, valued at approximately $9,937,000.
Several other large investors have also made changes to their positions in HR. PGGM Investments acquired a new position in Healthcare Realty Trust during the 4th quarter worth approximately $113,389,000. Resolution Capital Ltd boosted its position in Healthcare Realty Trust by 72.4% in the first quarter. Resolution Capital Ltd now owns 14,034,367 shares of the real estate investment trust’s stock valued at $238,444,000 after buying an additional 5,892,501 shares in the last quarter. Invesco Ltd. grew its stake in shares of Healthcare Realty Trust by 233.8% during 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. Norges Bank acquired a new position in shares of Healthcare Realty Trust during the fourth quarter worth $62,154,000. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Healthcare Realty Trust during the fourth quarter worth $31,810,000.
Healthcare Realty Trust Trading Up 0.1%
HR stock opened at $19.00 on Tuesday. The stock has a 50-day moving average price of $20.32 and a 200-day moving average price of $19.34. Healthcare Realty Trust Incorporated has a 1-year low of $16.31 and a 1-year high of $22.04. The firm has a market cap of $6.51 billion, a PE ratio of -73.08 and a beta of 0.97.
Healthcare Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.96 annualized dividend and a yield of 5.1%. Healthcare Realty Trust’s payout ratio is -369.23%.
Insider Activity
In other Healthcare Realty Trust news, CAO Amanda L. Callaway sold 25,767 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $20.37, for a total transaction of $524,873.79. Following the transaction, the chief accounting officer directly owned 109,954 shares in the company, valued at approximately $2,239,762.98. This represents a 18.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on HR shares. UBS Group raised their price objective on Healthcare Realty Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Citigroup upped their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Cantor Fitzgerald raised their price objective on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, July 31st. BTIG Research reissued a “buy” rating and set a $22.00 target price on shares of Healthcare Realty Trust in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.00.
Get Our Latest Stock Analysis on HR
Healthcare Realty Trust Company 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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