Healthcare Realty Trust Incorporated (NYSE:HR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 61.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,599,390 shares of the real estate investment trust's stock after selling 4,170,006 shares during the quarter. JPMorgan Chase & Co. owned 0.73% of Healthcare Realty Trust worth $47,179,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Healthcare Realty Trust by 38.1% in 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 purchasing an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 worth $50,000 after purchasing an additional 2,030 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Healthcare Realty Trust during the 3rd quarter valued at approximately $65,000. Wilmington Savings Fund Society FSB bought a new position in Healthcare Realty Trust during the third quarter valued at $78,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Healthcare Realty Trust during the 3rd quarter valued at about $89,000.

Healthcare Realty Trust Trading Down 0.1 %

NYSE:HR traded down $0.02 during trading hours on Monday, hitting $16.55. The company had a trading volume of 5,401,185 shares, compared to its average volume of 4,070,495. The company has a 50-day moving average of $17.49 and a 200 day moving average of $17.57. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90. The company has a market cap of $5.87 billion, a P/E ratio of -10.47 and a beta of 0.94.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 annualized dividend and a dividend yield of 7.49%. Healthcare Realty Trust's dividend payout ratio is currently -78.48%.

Insiders Place Their Bets

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 7,750 shares of the business's stock in a transaction 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 completion of the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert E. Hull sold 10,000 shares of the firm's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total value of $174,800.00. Following the completion of the transaction, the chief operating officer now owns 171,400 shares of the company's stock, valued at approximately $2,996,072. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have acquired a total of 18,750 shares of company stock worth $323,723 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

HR has been the topic of several recent research reports. Jefferies Financial Group lowered Healthcare Realty Trust from a "buy" rating to a "hold" rating and reduced their price objective for the company from $19.00 to $17.00 in a research report on Thursday. Wedbush downgraded Healthcare Realty Trust from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $18.00 to $16.00 in a report on Thursday. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 target price for the company. in a research report on Friday, December 20th. Finally, Wells Fargo & Company reiterated an "underweight" rating and issued a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $17.14.

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.