Peak Financial Advisors LLC trimmed its stake in Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 61.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,685 shares of the real estate investment trust’s stock after selling 16,711 shares during the quarter. Peak Financial Advisors LLC’s holdings in Healthcare Realty Trust were worth $181,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Healthcare Realty Trust by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock worth $96,513,000 after acquiring an additional 395,243 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Healthcare Realty Trust by 6.7% in 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 purchasing an additional 301,747 shares during the last quarter. Sei Investments Co. increased its stake in Healthcare Realty Trust by 4.6% in the second quarter. Sei Investments Co. now owns 2,367,735 shares of the real estate investment trust’s stock valued at $39,020,000 after purchasing an additional 103,259 shares during the last quarter. Pzena Investment Management LLC acquired a new position in Healthcare Realty Trust in the third quarter valued at $40,392,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Healthcare Realty Trust by 358.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,110 shares of the real estate investment trust’s stock valued at $38,879,000 after purchasing an additional 1,674,583 shares during the last quarter.
Healthcare Realty Trust Price Performance
Shares of NYSE HR opened at $16.70 on Wednesday. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The business has a 50-day moving average of $17.35 and a 200-day moving average of $17.57. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of -10.57 and a beta of 0.94.
Healthcare Realty Trust Dividend Announcement
Insider Transactions at Healthcare Realty Trust
In related news, COO Robert E. Hull sold 10,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.48, for a total value of $174,800.00. Following the transaction, the chief operating officer now owns 171,400 shares in the company, valued at approximately $2,996,072. The trade was a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas N. Bohjalian purchased 7,750 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average price of $17.39 per share, for a total transaction of $134,772.50. Following the purchase, the director now owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. This represents a 18.34 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 18,750 shares of company stock valued at $323,723 over the last quarter. Company insiders own 0.56% of the company’s stock.
Wall Street Analyst Weigh In
HR has been the subject of several analyst reports. Wedbush lowered Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $18.00 to $16.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reiterated an “underweight” rating and issued a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. Jefferies Financial Group downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and a consensus target price of $17.14.
Healthcare Realty Trust 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.
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