Bank of New York Mellon Corp lessened its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 13.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,946,239 shares of the real estate investment trust’s stock after selling 762,985 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.30% of Healthcare Realty Trust worth $95,611,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Belpointe Asset Management LLC acquired a new position in Healthcare Realty Trust in the 4th quarter valued at about $32,000. Harbour Investments Inc. acquired a new position in Healthcare Realty Trust in the 4th quarter valued at about $39,000. Kalos Management Inc. acquired a new position in Healthcare Realty Trust in the 1st quarter valued at about $40,000. Signaturefd LLC raised its stake in Healthcare Realty Trust by 199.1% in the 4th quarter. Signaturefd LLC now owns 2,237 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Healthcare Realty Trust by 155.9% during the 1st quarter. Parallel Advisors LLC now owns 2,347 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,430 shares during the last quarter. Institutional investors and hedge funds own 98.54% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Barclays lowered their price target on Healthcare Realty Trust from $25.00 to $24.00 and set an “equal weight” rating for the company in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus target price of $22.00.
Healthcare Realty Trust Stock Down 0.8 %
Shares of HR stock opened at $16.91 on Friday. The stock has a 50-day simple moving average of $18.99 and a 200 day simple moving average of $19.40. Healthcare Realty Trust Incorporated has a fifty-two week low of $16.91 and a fifty-two week high of $26.74. The stock has a market capitalization of $6.44 billion, a P/E ratio of -36.76 and a beta of 0.76.
Healthcare Realty Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.33%. The ex-dividend date is Monday, August 14th. Healthcare Realty Trust’s dividend payout ratio is -269.57%.
Insider Activity
In related news, Director John Knox Singleton bought 31,500 shares of Healthcare Realty Trust stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $17.11 per share, with a total value of $538,965.00. Following the completion of the acquisition, the director now directly owns 50,582 shares in the company, valued at approximately $865,458.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.
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 March 31, 2023, the Company was invested in over 700 real estate properties totaling more than 40 million square feet and provided leasing and property management services to over 35 million square feet nationwide.
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