Oppenheimer Asset Management Inc. Trims Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Oppenheimer Asset Management Inc. decreased its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 1.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 56,071 shares of the real estate investment trust’s stock after selling 653 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Healthcare Realty Trust were worth $1,018,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HR. State Board of Administration of Florida Retirement System lifted its stake in shares of Healthcare Realty Trust by 9.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 296,129 shares of the real estate investment trust’s stock valued at $4,190,000 after buying an additional 24,358 shares during the period. Vanguard Group Inc. increased its position in Healthcare Realty Trust by 1.4% during the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after purchasing an additional 723,197 shares during the last quarter. Natixis acquired a new position in Healthcare Realty Trust during the first quarter worth approximately $6,311,000. MQS Management LLC acquired a new position in Healthcare Realty Trust during the first quarter worth approximately $172,000. Finally, CreativeOne Wealth LLC acquired a new position in Healthcare Realty Trust during the first quarter worth approximately $174,000.

Insider Activity

In other news, Director John Knox Singleton bought 6,500 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares of the company’s stock, valued at $1,041,175.68. This trade represents a 12.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Trading Down 0.4 %

Shares of HR stock opened at $17.43 on Tuesday. The company has a market capitalization of $6.18 billion, a PE ratio of -11.03 and a beta of 0.91. The firm has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $17.20. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $18.90.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.12%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -78.48%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Wedbush upped their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Wells Fargo & Company reissued an “underweight” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Finally, Scotiabank increased their price objective on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.17.

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.