Northwestern Mutual Wealth Management Co. raised its position in Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 4,583.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 270,197 shares of the real estate investment trust’s stock after purchasing an additional 264,428 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Healthcare Realty Trust were worth $4,580,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of Healthcare Realty Trust by 233.8% during the 3rd quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after acquiring an additional 5,393,651 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Healthcare Realty Trust by 68.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,392,815 shares of the real estate investment trust’s stock worth $79,201,000 after acquiring an additional 1,789,111 shares during the period. Rush Island Management LP lifted its holdings in shares of Healthcare Realty Trust by 13.8% during the 2nd quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock worth $226,166,000 after acquiring an additional 1,728,491 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Healthcare Realty Trust by 418.3% during the 3rd 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 worth $35,109,000 after acquiring an additional 1,571,583 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Healthcare Realty Trust by 124.0% during the 3rd quarter. UBS Group AG now owns 2,282,951 shares of the real estate investment trust’s stock worth $41,162,000 after acquiring an additional 1,263,863 shares during the period.
Healthcare Realty Trust Price Performance
Shares of HR opened at $20.37 on Friday. The business’s fifty day moving average price is $18.50 and its 200 day moving average price is $17.88. Healthcare Realty Trust Incorporated has a 12-month low of $14.09 and a 12-month high of $20.60. The stock has a market capitalization of $7.06 billion, a PE ratio of -35.11 and a beta of 0.97.
Healthcare Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were paid a dividend of $0.24 per share. The ex-dividend date was Monday, May 11th. This represents a $0.96 annualized dividend and a yield of 4.7%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -165.52%.
Analyst Ratings Changes
Several brokerages have recently weighed in on HR. Citigroup increased their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings downgraded shares of Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Royal Bank Of Canada increased 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 research report on Thursday, May 14th. Finally, Scotiabank increased their target price on Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.25.
Check Out Our Latest Analysis on Healthcare Realty Trust
Insider Transactions at Healthcare Realty Trust
In other news, Director Thomas N. Bohjalian acquired 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $18.09 per share, for a total transaction of $180,900.00. Following the completion of the purchase, the director directly owned 85,520 shares of the company’s stock, valued at $1,547,056.80. This trade represents a 13.24% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is owned by company insiders.
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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