Sumitomo Mitsui Trust Group Inc. Raises Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 289.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,552,109 shares of the real estate investment trust's stock after acquiring an additional 1,153,657 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.44% of Healthcare Realty Trust worth $26,308,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HR. Blue Trust Inc. grew its stake in shares of Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 925 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Healthcare Realty Trust during the 3rd quarter worth approximately $65,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Healthcare Realty Trust in the 3rd quarter worth approximately $78,000. Harbor Capital Advisors Inc. bought a new stake in shares of Healthcare Realty Trust in the 3rd quarter worth approximately $89,000. Finally, Trust Point Inc. purchased a new position in Healthcare Realty Trust in the 3rd quarter valued at approximately $182,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on HR shares. JPMorgan Chase & Co. lowered shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 price target for the company. in a research report on Friday, December 20th. Wedbush lowered shares of Healthcare Realty Trust from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $18.00 to $16.00 in a research report on Thursday, January 2nd. Finally, Jefferies Financial Group lowered shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and cut their target price for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $17.00.

Insiders Place Their Bets

In related news, 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 transaction of $174,800.00. Following the completion of the transaction, the chief operating officer now directly owns 171,400 shares of the company's stock, valued at approximately $2,996,072. This trade represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas N. Bohjalian bought 7,750 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were bought 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 $869,534.78. This represents a 18.34 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 18,750 shares of company stock worth $323,723. Company insiders own 0.56% of the company's stock.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock traded down $0.06 during midday trading on Friday, reaching $16.51. 1,869,279 shares of the company traded hands, compared to its average volume of 2,033,593. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of -10.45 and a beta of 0.94. The business has a 50 day moving average of $16.74 and a two-hundred day moving average of $17.44. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $18.90.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.