Fmr LLC lessened its stake in shares of Healthcare Realty Trust Inc (NYSE:HR) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,765,459 shares of the real estate investment trust’s stock after selling 88,112 shares during the quarter. Fmr LLC owned about 4.60% of Healthcare Realty Trust worth $168,698,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in HR. Victory Capital Management Inc. grew its holdings in Healthcare Realty Trust by 165,681.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,221,465 shares of the real estate investment trust’s stock valued at $65,000,000 after buying an additional 2,220,125 shares during the last quarter. FIL Ltd acquired a new stake in Healthcare Realty Trust during the 3rd quarter valued at $30,512,000. Citadel Advisors LLC acquired a new stake in Healthcare Realty Trust during the 2nd quarter valued at $15,539,000. Voya Investment Management LLC grew its holdings in Healthcare Realty Trust by 976.0% during the 2nd quarter. Voya Investment Management LLC now owns 571,127 shares of the real estate investment trust’s stock valued at $16,609,000 after buying an additional 518,049 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Healthcare Realty Trust by 3.0% during the 2nd quarter. BlackRock Inc. now owns 17,676,495 shares of the real estate investment trust’s stock valued at $514,032,000 after buying an additional 513,077 shares during the last quarter. Hedge funds and other institutional investors own 96.49% of the company’s stock.
Shares of HR opened at $31.65 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.14 and a current ratio of 0.14. The firm has a market capitalization of $3.85 billion, a P/E ratio of 20.69, a PEG ratio of 4.87 and a beta of 0.26. Healthcare Realty Trust Inc has a twelve month low of $26.09 and a twelve month high of $33.98.
The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend was Wednesday, November 14th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently 78.43%.
HR has been the topic of several analyst reports. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Morgan Stanley cut Healthcare Realty Trust from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $29.00 to $28.00 in a report on Thursday, August 16th. Mizuho upgraded Healthcare Realty Trust from a “neutral” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, November 13th. Finally, Raymond James initiated coverage on Healthcare Realty Trust in a report on Thursday, October 18th. They set an “underperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.43.
In related news, Director Bruce D. Sullivan sold 3,000 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $31.13, for a total value of $93,390.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John Knox Singleton sold 12,048 shares of the stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $29.91, for a total value of $360,355.68. Following the completion of the transaction, the director now directly owns 23,992 shares in the company, valued at $717,600.72. The disclosure for this sale can be found here. Insiders sold a total of 22,964 shares of company stock worth $693,877 over the last ninety days. Corporate insiders own 1.85% of the company’s stock.
Healthcare Realty Trust Profile
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $5.0 billion.
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