Point72 Asset Management L.P. Purchases Shares of 59,700 Healthcare Realty Trust Incorporated (NYSE:HR)

Point72 Asset Management L.P. purchased a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,700 shares of the real estate investment trust's stock, valued at approximately $1,084,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HR. Deerfield Management Company L.P. Series C purchased a new stake in Healthcare Realty Trust during the 2nd quarter valued at $471,000. Thrivent Financial for Lutherans lifted its holdings in shares of Healthcare Realty Trust by 6.7% during the second quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust's stock valued at $78,843,000 after purchasing an additional 301,747 shares in the last quarter. Cerity Partners LLC increased its holdings in Healthcare Realty Trust by 106.4% in the 3rd quarter. Cerity Partners LLC now owns 77,545 shares of the real estate investment trust's stock worth $1,407,000 after buying an additional 39,975 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Healthcare Realty Trust in the 3rd quarter worth about $7,052,000. Finally, Quantbot Technologies LP lifted its stake in Healthcare Realty Trust by 18.1% during the 3rd quarter. Quantbot Technologies LP now owns 279,181 shares of the real estate investment trust's stock valued at $5,067,000 after acquiring an additional 42,853 shares during the period.

Healthcare Realty Trust Stock Performance

NYSE:HR traded down $0.17 during midday trading on Wednesday, reaching $17.45. 833,424 shares of the stock traded hands, compared to its average volume of 3,485,524. The business has a 50-day moving average of $17.75 and a two-hundred day moving average of $17.47. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $18.90. The stock has a market capitalization of $6.18 billion, a PE ratio of -11.15 and a beta of 0.93.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.11%. Healthcare Realty Trust's payout ratio is currently -78.48%.

Insider Activity

In other news, Director Thomas N. Bohjalian purchased 7,750 shares of the stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost of $17.39 per share, with a total value of $134,772.50. Following the completion of the purchase, the director now directly owns 50,002 shares of the company's stock, valued at approximately $869,534.78. The trade was a 18.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.56% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reissued 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 research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust has an average rating of "Hold" and a consensus 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.