TBH Global Asset Management LLC Invests $262,000 in Healthcare Realty Trust Incorporated (NYSE:HR)

TBH Global Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 15,200 shares of the real estate investment trust’s stock, valued at approximately $262,000.

Other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its holdings in shares of Healthcare Realty Trust by 18.3% in the fourth quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust’s stock valued at $33,405,000 after purchasing an additional 297,603 shares during the period. abrdn plc grew its stake in shares of Healthcare Realty Trust by 192.4% in the 4th quarter. abrdn plc now owns 247,562 shares of the real estate investment trust’s stock valued at $4,265,000 after buying an additional 162,886 shares during the period. New York Life Investment Management LLC increased its holdings in shares of Healthcare Realty Trust by 81.3% during the 3rd quarter. New York Life Investment Management LLC now owns 47,537 shares of the real estate investment trust’s stock worth $726,000 after buying an additional 21,315 shares during the last quarter. Beach Investment Counsel Inc. PA raised its position in shares of Healthcare Realty Trust by 148.6% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock valued at $29,136,000 after buying an additional 1,010,841 shares during the period. Finally, Channing Capital Management LLC acquired a new position in Healthcare Realty Trust in the fourth quarter valued at approximately $7,748,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Scotiabank raised their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. JPMorgan Chase & Co. cut their price objective on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Wells Fargo & Company decreased their target price on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Wedbush lifted their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Finally, Stifel Nicolaus lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.20.

Healthcare Realty Trust Stock Up 0.6 %

Healthcare Realty Trust stock traded up $0.09 during mid-day trading on Friday, reaching $15.65. 1,889,817 shares of the company’s stock were exchanged, compared to its average volume of 4,539,330. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $20.25. The company has a market cap of $5.92 billion, a P/E ratio of -11.77 and a beta of 0.78. The company has a fifty day moving average of $14.50 and a 200-day moving average of $15.17.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were issued a $0.31 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a yield of 7.92%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -93.23%.

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.