Oppenheimer Asset Management Inc. Buys 7,351 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Posted by Defense World Staff on May 6th, 2023

Oppenheimer Asset Management Inc. boosted its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Get Rating) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,102 shares of the real estate investment trust’s stock after buying an additional 7,351 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Healthcare Realty Trust were worth $1,023,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HR. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Healthcare Realty Trust by 6,657.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 221,983 shares of the real estate investment trust’s stock worth $4,629,000 after purchasing an additional 218,698 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Healthcare Realty Trust by 100.9% in the 3rd quarter. BlackRock Inc. now owns 43,770,019 shares of the real estate investment trust’s stock worth $912,603,000 after purchasing an additional 21,986,388 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of Healthcare Realty Trust by 104.1% in the 3rd quarter. Ensign Peak Advisors Inc now owns 96,428 shares of the real estate investment trust’s stock worth $2,011,000 after purchasing an additional 49,190 shares in the last quarter. Comerica Bank increased its holdings in shares of Healthcare Realty Trust by 2.7% in the 4th quarter. Comerica Bank now owns 259,861 shares of the real estate investment trust’s stock worth $5,462,000 after purchasing an additional 6,930 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Healthcare Realty Trust by 919.0% in the 3rd quarter. Global Retirement Partners LLC now owns 2,140 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 1,930 shares in the last quarter. Institutional investors own 98.37% of the company’s stock.

Insider Activity

In other Healthcare Realty Trust news, Director James Joseph Iv Kilroy acquired 2,400 shares of the stock in a transaction dated Wednesday, March 8th. The shares were acquired at an average cost of $19.02 per share, for a total transaction of $45,648.00. Following the completion of the transaction, the director now directly owns 26,601 shares of the company’s stock, valued at $505,951.02. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HR. Barclays cut their price objective on Healthcare Realty Trust from $28.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, March 29th. Wells Fargo & Company began coverage on Healthcare Realty Trust in a report on Wednesday, April 19th. They issued an “equal weight” rating for the company. Credit Suisse Group lowered Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $20.00 in a report on Monday, March 6th. Finally, TheStreet lowered Healthcare Realty Trust from a “c” rating to a “d+” rating in a report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.38.

Healthcare Realty Trust Stock Performance

NYSE HR opened at $20.13 on Friday. The company has a market capitalization of $7.67 billion, a PE ratio of 183.02 and a beta of 0.77. The business’s fifty day moving average is $19.31 and its 200 day moving average is $19.83. Healthcare Realty Trust Incorporated has a fifty-two week low of $18.00 and a fifty-two week high of $30.76.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Tuesday, May 16th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, May 15th. This represents a $1.24 annualized dividend and a dividend yield of 6.16%. Healthcare Realty Trust’s payout ratio is 1,127.38%.

Healthcare Realty Trust Company Profile

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Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.