Commerzbank Aktiengesellschaft FI purchased a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 28,553 shares of the real estate investment trust’s stock, valued at approximately $576,000.
Other institutional investors have also modified their holdings of the company. Wiser Advisor Group LLC purchased a new position in shares of Healthcare Realty Trust during the third quarter valued at approximately $25,000. Eurizon Capital SGR S.p.A. purchased a new stake in Healthcare Realty Trust in the 4th quarter worth approximately $37,000. Main Street Group LTD acquired a new position in Healthcare Realty Trust in the 1st quarter valued at $42,000. Prosperity Bancshares Inc purchased a new position in shares of Healthcare Realty Trust during the 4th quarter worth $42,000. Finally, Inspire Investing LLC acquired a new stake in shares of Healthcare Realty Trust during the first quarter worth $45,000.
Healthcare Realty Trust Stock Performance
NYSE HR opened at $19.13 on Wednesday. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of -73.56 and a beta of 0.97. Healthcare Realty Trust Incorporated has a one year low of $16.28 and a one year high of $22.04. The company’s 50 day moving average price is $20.50 and its 200 day moving average price is $19.18.
Healthcare Realty Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 11th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.0%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -369.23%.
Analyst Ratings Changes
HR has been the subject of several analyst reports. Raymond James Financial began coverage on Healthcare Realty Trust in a research note on Tuesday, June 16th. They issued an “outperform” rating and a $24.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Cantor Fitzgerald increased their price objective on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. BTIG Research reissued a “buy” rating and issued a $22.00 target price on shares of Healthcare Realty Trust in a research report on Friday, June 12th. Finally, Citigroup boosted their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Healthcare Realty Trust has a consensus rating of “Hold” and an average price target of $22.00.
Get Our Latest Stock Analysis on Healthcare Realty Trust
Insider Buying and Selling at Healthcare Realty Trust
In other news, CAO Amanda L. Callaway sold 25,767 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total transaction of $524,873.79. Following the transaction, the chief accounting officer directly owned 109,954 shares in the company, valued at approximately $2,239,762.98. This represents a 18.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.
Healthcare Realty Trust 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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