Armor Investment Advisors LLC Sells 2,741 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Armor Investment Advisors LLC reduced its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 2.1% in the third quarter, Holdings Channel reports. The fund owned 126,581 shares of the real estate investment trust’s stock after selling 2,741 shares during the quarter. Healthcare Realty Trust accounts for about 1.0% of Armor Investment Advisors LLC’s portfolio, making the stock its 27th largest position. Armor Investment Advisors LLC’s holdings in Healthcare Realty Trust were worth $2,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in Healthcare Realty Trust by 38.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Healthcare Realty Trust by 260.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 2,030 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Healthcare Realty Trust during the 3rd quarter worth $89,000. GAMMA Investing LLC grew its stake in shares of Healthcare Realty Trust by 67.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 2,238 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Healthcare Realty Trust in the 1st quarter worth about $152,000.

Healthcare Realty Trust Price Performance

Shares of NYSE HR opened at $17.32 on Wednesday. The stock has a market capitalization of $6.29 billion, a P/E ratio of -11.13 and a beta of 0.91. The firm’s 50 day simple moving average is $17.86 and its two-hundred day simple moving average is $17.00. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.90.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.16%. Healthcare Realty Trust’s dividend payout ratio is currently -78.48%.

Analyst Upgrades and Downgrades

HR has been the subject of a number of research reports. Wedbush increased their target price 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. Scotiabank lifted their price objective on shares of 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. Finally, Wells Fargo & Company restated an “underweight” rating and set a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Healthcare Realty Trust has an average rating of “Hold” and an average price target of $17.17.

Insiders Place Their Bets

In other Healthcare Realty Trust news, Director John Knox Singleton acquired 6,500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the acquisition, the director now owns 57,082 shares in the company, valued at $1,041,175.68. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Thomas N. Bohjalian purchased 9,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average cost of $17.39 per share, with a total value of $156,510.00. Following the completion of the purchase, the director now directly owns 22,252 shares in the company, valued at approximately $386,962.28. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Knox Singleton acquired 6,500 shares of the stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $18.24 per share, with a total value of $118,560.00. Following the transaction, the director now directly owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 15,728 shares of company stock valued at $279,069 in the last quarter. Insiders own 0.56% of the company’s stock.

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.