Perpetual Ltd Acquires New Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Perpetual Ltd bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR) in the fourth quarter, HoldingsChannel.com reports. The fund bought 26,060 shares of the real estate investment trust’s stock, valued at approximately $442,000.

A number of other hedge funds have also added to or reduced their stakes in HR. EverSource Wealth Advisors LLC increased its position in Healthcare Realty Trust by 260.6% during the second 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 during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $65,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $78,000. Harbor Capital Advisors Inc. bought a new position in shares of Healthcare Realty Trust in the 3rd quarter worth approximately $89,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Healthcare Realty Trust by 33.7% in the third quarter. GAMMA Investing LLC now owns 7,444 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 1,875 shares during the last quarter.

Healthcare Realty Trust Stock Down 2.6 %

HR stock opened at $16.48 on Thursday. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $18.90. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of -10.43 and a beta of 0.94. The business’s fifty day simple moving average is $17.20 and its two-hundred day simple moving average is $17.55.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.53%. The ex-dividend date of this dividend was Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio is presently -78.48%.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 7,750 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $17.39 per share, for a total transaction of $134,772.50. Following the acquisition, the director now directly owns 50,002 shares in the company, valued at approximately $869,534.78. The trade was a 18.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter F. Sr Lyle, Sr. bought 10,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $17.21 per share, for a total transaction of $172,100.00. Following the transaction, the director now directly owns 26,576 shares in the company, valued at approximately $457,372.96. This trade represents a 60.33 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 18,750 shares of company stock valued at $323,723 in the last three months. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HR shares. Jefferies Financial Group downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. Wedbush lowered Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and cut their price target for the company from $18.00 to $16.00 in a report on Thursday, January 2nd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. lowered 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 report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.14.

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.