Pathstone Holdings LLC Raises Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Pathstone Holdings LLC increased its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 12.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 159,193 shares of the real estate investment trust’s stock after purchasing an additional 17,717 shares during the quarter. Pathstone Holdings LLC’s holdings in Healthcare Realty Trust were worth $2,889,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Fortis Advisors LLC grew its holdings in Healthcare Realty Trust by 60.9% during the 3rd quarter. Fortis Advisors LLC now owns 30,200 shares of the real estate investment trust’s stock valued at $548,000 after purchasing an additional 11,428 shares in the last quarter. Quest Partners LLC grew its stake in shares of Healthcare Realty Trust by 2,471.4% during the third quarter. Quest Partners LLC now owns 221,348 shares of the real estate investment trust’s stock valued at $4,017,000 after acquiring an additional 212,740 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Healthcare Realty Trust by 25.0% during the third quarter. Metis Global Partners LLC now owns 37,375 shares of the real estate investment trust’s stock worth $678,000 after acquiring an additional 7,472 shares during the last quarter. KBC Group NV lifted its stake in shares of Healthcare Realty Trust by 16.5% in the third quarter. KBC Group NV now owns 11,451 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 1,625 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Healthcare Realty Trust in the third quarter worth about $1,107,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Scotiabank raised their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Wedbush lifted 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 note on Monday, August 5th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.17.

Insider Activity

In related news, Director Thomas N. Bohjalian acquired 7,750 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average price of $17.39 per share, for a total transaction of $134,772.50. Following the transaction, the director now directly owns 50,002 shares of the company’s stock, valued at $869,534.78. This trade represents a 18.34 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Knox Singleton acquired 6,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of $18.24 per share, with a total value of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares in the company, valued at $1,041,175.68. The trade was a 12.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 14,478 shares of company stock valued at $257,332. Company insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Trading Up 1.6 %

HR stock opened at $17.58 on Tuesday. The firm has a market cap of $6.23 billion, a P/E ratio of -11.13 and a beta of 0.91. The stock’s 50 day simple moving average is $17.71 and its 200 day simple moving average is $17.29. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $18.90.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be given 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 dividend yield of 7.05%. Healthcare Realty Trust’s payout ratio is currently -78.48%.

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.