Geode Capital Management LLC Has $126.26 Million Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Geode Capital Management LLC trimmed its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 1.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,954,954 shares of the real estate investment trust's stock after selling 102,732 shares during the period. Geode Capital Management LLC owned about 1.96% of Healthcare Realty Trust worth $126,261,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HR. Allspring Global Investments Holdings LLC lifted its holdings 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 worth $38,000 after buying an additional 628 shares during 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. Point72 Hong Kong Ltd bought a new position in Healthcare Realty Trust during the third quarter worth $65,000. Harbor Capital Advisors Inc. bought a new stake in Healthcare Realty Trust during the third quarter valued at $89,000. Finally, GAMMA Investing LLC raised its holdings in shares of 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 period.

Insider Activity

In other news, Director Peter F. Sr Lyle, Sr. purchased 10,000 shares of Healthcare Realty Trust stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $17.21 per share, for a total transaction of $172,100.00. Following the acquisition, the director now directly owns 26,576 shares in the company, valued at $457,372.96. This represents a 60.33 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas N. Bohjalian acquired 7,750 shares of the company's 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 acquisition, the director now directly owns 50,002 shares of the company's stock, valued at $869,534.78. The trade was a 18.34 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

Healthcare Realty Trust Stock Performance

Shares of NYSE:HR traded down $0.61 during midday trading on Wednesday, reaching $16.90. The company had a trading volume of 3,758,842 shares, compared to its average volume of 3,473,459. The company has a fifty day simple moving average of $17.74 and a two-hundred day simple moving average of $17.53. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of -10.70 and a beta of 0.93. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.34%. Healthcare Realty Trust's payout ratio is presently -78.48%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company restated an "underweight" rating and set a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Healthcare Realty Trust presently has an average rating of "Hold" and an average price target of $17.17.

Healthcare Realty Trust 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.