Walleye Capital LLC Takes Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Walleye Capital LLC purchased a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 53,149 shares of the real estate investment trust's stock, valued at approximately $965,000.

A number of other hedge funds have also recently added to or reduced their stakes in HR. Allspring Global Investments Holdings LLC lifted its stake in Healthcare Realty Trust by 38.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Healthcare Realty Trust by 260.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 2,030 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Healthcare Realty Trust during the third quarter valued at about $89,000. GAMMA Investing LLC boosted its holdings in Healthcare Realty Trust by 33.7% during the third quarter. GAMMA Investing LLC now owns 7,444 shares of the real estate investment trust's stock worth $135,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Trust Point Inc. bought a new stake in Healthcare Realty Trust in the 3rd quarter worth about $182,000.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reaffirmed an "underweight" rating and set a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Healthcare Realty Trust currently has a consensus rating of "Hold" and a consensus price target of $17.17.

Healthcare Realty Trust Stock Performance

HR stock traded down $0.32 during trading on Friday, hitting $17.99. 2,008,519 shares of the company traded hands, compared to its average volume of 3,818,323. The company has a 50-day moving average of $17.76 and a 200-day moving average of $17.42. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90. The firm has a market capitalization of $6.38 billion, a PE ratio of -11.39 and a beta of 0.93.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 6.89%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust's payout ratio is -78.48%.

Insiders Place Their Bets

In other news, Director Thomas N. Bohjalian acquired 7,750 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average price of $17.39 per share, for a total transaction of $134,772.50. Following the purchase, the director now directly owns 50,002 shares in the company, valued at $869,534.78. The trade was a 18.34 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.56% of the stock is owned by insiders.

Healthcare Realty Trust Company Profile

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.