BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 15.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 893,048 shares of the real estate investment trust's stock after selling 166,175 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.25% of Healthcare Realty Trust worth $16,209,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in HR. Allspring Global Investments Holdings LLC raised its stake 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 valued at $38,000 after buying an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Healthcare Realty Trust by 260.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 2,030 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Healthcare Realty Trust in the third quarter worth $89,000. GAMMA Investing LLC increased its stake in Healthcare Realty Trust by 67.2% during the second quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust's stock valued at $92,000 after purchasing an additional 2,238 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Healthcare Realty Trust during the first quarter worth $152,000.
Healthcare Realty Trust Stock Down 2.8 %
NYSE HR traded down $0.50 on Friday, hitting $17.30. The stock had a trading volume of 8,758,687 shares, compared to its average volume of 3,869,164. The company's 50-day moving average is $17.73 and its two-hundred day moving average is $17.27. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.90. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of -10.95 and a beta of 0.91.
Healthcare Realty Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.17%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -78.48%.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Wedbush lifted their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Wells Fargo & Company restated an "underweight" rating and issued a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. Finally, Scotiabank increased their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $17.17.
Get Our Latest Report on Healthcare Realty Trust
Insider Transactions at Healthcare Realty Trust
In other news, Director Thomas N. Bohjalian bought 7,750 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of $17.39 per share, with a total value of $134,772.50. Following the completion of the acquisition, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Knox Singleton bought 6,500 shares of the business's stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $18.24 per share, with a total value of $118,560.00. Following the completion of the transaction, the director now directly owns 57,082 shares of the company's stock, valued at $1,041,175.68. This trade represents a 12.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 14,478 shares of company stock valued at $257,332. 0.56% of the stock is currently owned by corporate insiders.
Healthcare Realty Trust Company Profile
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Free Report)
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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