Healthcare Realty Trust Incorporated (NYSE:HR) COO Sells $174,800.00 in Stock

Healthcare Realty Trust Incorporated (NYSE:HR) COO Robert E. Hull sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total value of $174,800.00. Following the completion of the sale, the chief operating officer now directly owns 171,400 shares in the company, valued at approximately $2,996,072. This represents a 5.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Healthcare Realty Trust Price Performance

HR stock opened at $16.70 on Friday. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of -10.57 and a beta of 0.93. The business has a fifty day moving average price of $17.72 and a 200 day moving average price of $17.52. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were issued a $0.31 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.43%. Healthcare Realty Trust’s dividend payout ratio is -78.48%.

Institutional Investors Weigh In On Healthcare Realty Trust

Hedge funds have recently added to or reduced their stakes in the stock. Deerfield Management Company L.P. Series C bought a new position in Healthcare Realty Trust in the 2nd quarter valued at $471,000. Thrivent Financial for Lutherans lifted its stake in shares of Healthcare Realty Trust by 6.7% during the second quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust’s stock valued at $78,843,000 after acquiring an additional 301,747 shares during the period. Cerity Partners LLC boosted its holdings in Healthcare Realty Trust by 106.4% in the third quarter. Cerity Partners LLC now owns 77,545 shares of the real estate investment trust’s stock valued at $1,407,000 after acquiring an additional 39,975 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Healthcare Realty Trust in the third quarter worth about $849,000. Finally, Barclays PLC raised its holdings in Healthcare Realty Trust by 116.2% during the 3rd quarter. Barclays PLC now owns 722,582 shares of the real estate investment trust’s stock worth $13,117,000 after purchasing an additional 388,305 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company restated an “underweight” rating and issued a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of “Hold” and an average target price of $17.17.

Healthcare Realty Trust Company Profile

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.