Daiwa Securities Group Inc. lowered its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 19.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,632,087 shares of the real estate investment trust’s stock after selling 2,067,498 shares during the period. Daiwa Securities Group Inc.’s holdings in Healthcare Realty Trust were worth $146,314,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. PGGM Investments acquired a new position in Healthcare Realty Trust in the 4th quarter worth about $113,389,000. Invesco Ltd. increased its holdings in Healthcare Realty Trust by 233.8% in the 3rd quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after purchasing an additional 5,393,651 shares in the last quarter. Norges Bank acquired a new position in Healthcare Realty Trust in the 4th quarter worth about $62,154,000. Jupiter Asset Management Ltd. acquired a new position in Healthcare Realty Trust in the 4th quarter worth about $31,810,000. Finally, Russell Investments Group Ltd. increased its holdings in Healthcare Realty Trust by 68.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,392,815 shares of the real estate investment trust’s stock worth $79,201,000 after purchasing an additional 1,789,111 shares in the last quarter.
Healthcare Realty Trust Trading Up 0.9%
NYSE HR opened at $19.57 on Friday. The business’s 50-day moving average price is $18.88 and its two-hundred day moving average price is $18.00. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $20.61. The firm has a market capitalization of $6.78 billion, a PE ratio of -33.75 and a beta of 0.98.
Healthcare Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, May 11th. Healthcare Realty Trust’s payout ratio is -165.52%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on HR shares. Cantor Fitzgerald upped their target price on Healthcare Realty Trust from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Royal Bank Of Canada upped their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. UBS Group upped their target price on Healthcare Realty Trust from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Scotiabank upped their price target on Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Wells Fargo & Company upped their price target on Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.50.
View Our Latest Stock Report on HR
Healthcare Realty Trust Company Profile
Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.
The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.
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