Principal Financial Group Inc. Sells 10,407,700 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Principal Financial Group Inc. reduced its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 92.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 844,528 shares of the real estate investment trust’s stock after selling 10,407,700 shares during the quarter. Principal Financial Group Inc.’s holdings in Healthcare Realty Trust were worth $15,328,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Healthcare Realty Trust by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock valued at $767,585,000 after buying an additional 723,197 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Healthcare Realty Trust by 52.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock valued at $154,833,000 after purchasing an additional 3,758,040 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Healthcare Realty Trust by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock valued at $96,513,000 after acquiring an additional 395,243 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Healthcare Realty Trust by 2.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,782,253 shares of the real estate investment trust’s stock valued at $81,820,000 after acquiring an additional 158,342 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Healthcare Realty Trust by 6.7% in the 2nd 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 acquiring an additional 301,747 shares during the last quarter.

Healthcare Realty Trust Stock Up 0.6 %

HR stock opened at $17.49 on Friday. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $18.90. The business has a fifty day moving average of $17.81 and a two-hundred day moving average of $17.15. The stock has a market cap of $6.20 billion, a price-to-earnings ratio of -11.07 and a beta of 0.91.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.09%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -78.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HR shares. Wells Fargo & Company reiterated an “underweight” rating and issued a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. Wedbush upped their target price on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Scotiabank increased their price objective 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.17.

Insider Activity at Healthcare Realty Trust

In related news, Director John Knox Singleton acquired 6,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $18.24 per share, with a total value of $118,560.00. Following the transaction, the director now owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The trade was a 12.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.

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.