Healthcare Realty Trust Incorporated (NYSE:HR) Stake Cut by Rush Island Management LP

Rush Island Management LP lowered its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 24.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,933,592 shares of the real estate investment trust's stock after selling 4,088,546 shares during the quarter. Healthcare Realty Trust accounts for approximately 18.1% of Rush Island Management LP's portfolio, making the stock its largest position. Rush Island Management LP owned approximately 3.65% of Healthcare Realty Trust worth $234,745,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted 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 valued at $38,000 after buying an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 valued at $50,000 after acquiring an additional 2,030 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Healthcare Realty Trust in the 3rd quarter valued at about $65,000. Harbor Capital Advisors Inc. acquired a new position in Healthcare Realty Trust during the 3rd quarter valued at about $89,000. Finally, GAMMA Investing LLC increased 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 worth $92,000 after purchasing an additional 2,238 shares in the last quarter.

Insiders Place Their Bets

In other news, Director Thomas N. Bohjalian acquired 7,750 shares of Healthcare Realty Trust stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of $17.39 per share, with a total value of $134,772.50. Following the completion of the acquisition, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company's stock.

Healthcare Realty Trust Trading Down 0.2 %

Shares of HR traded down $0.04 on Thursday, reaching $18.31. 2,469,515 shares of the company's stock traded hands, compared to its average volume of 3,513,442. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $18.90. The stock has a market cap of $6.49 billion, a PE ratio of -11.61 and a beta of 0.93. The stock's 50 day simple moving average is $17.75 and its two-hundred day simple moving average is $17.40.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 6.77%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -78.48%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HR. Scotiabank raised their target price on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a "sector perform" rating in a report on Wednesday, August 7th. Wells Fargo & Company restated an "underweight" rating and set a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $17.17.

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.