Principal Financial Group Inc. Reduces Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Principal Financial Group Inc. decreased its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 92.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 844,528 shares of the real estate investment trust's stock after selling 10,407,700 shares during the period. Principal Financial Group Inc. owned 0.22% of Healthcare Realty Trust worth $15,328,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HR. Allspring Global Investments Holdings LLC boosted its stake in shares of Healthcare Realty Trust by 38.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 628 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Healthcare Realty Trust by 260.6% in the 2nd 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 in the last quarter. Harbor Capital Advisors Inc. bought a new position in Healthcare Realty Trust in the 3rd quarter worth approximately $89,000. GAMMA Investing LLC grew its holdings in Healthcare Realty Trust by 67.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust's stock valued at $92,000 after buying an additional 2,238 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Healthcare Realty Trust during the first quarter valued at approximately $152,000.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock traded up $0.10 during trading hours on Friday, reaching $17.49. The company's stock had a trading volume of 3,110,989 shares, compared to its average volume of 3,501,568. The firm has a 50 day moving average price of $17.81 and a 200-day moving average price of $17.15. The stock has a market cap of $6.20 billion, a P/E ratio of -11.07 and a beta of 0.91. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.90.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.24 annualized dividend and a yield of 7.09%. Healthcare Realty Trust's payout ratio is currently -78.48%.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director John Knox Singleton purchased 6,500 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, with a total value of $118,560.00. Following the purchase, the director now owns 57,082 shares in the company, valued at approximately $1,041,175.68. This trade represents a 12.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Scotiabank upped their target price on shares of 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. Wedbush raised their price objective on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company reiterated an "underweight" rating and issued a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust has a consensus rating of "Hold" and an average target price of $17.17.

About Healthcare Realty Trust

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.