State Street Corp Sells 515,771 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

State Street Corp decreased its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 2.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,669,396 shares of the real estate investment trust’s stock after selling 515,771 shares during the quarter. State Street Corp owned 5.27% of Healthcare Realty Trust worth $338,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its holdings in Healthcare Realty Trust by 38.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Healthcare Realty Trust by 260.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 2,030 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Healthcare Realty Trust in the third quarter valued at approximately $65,000. Harbor Capital Advisors Inc. bought a new position in Healthcare Realty Trust in the 3rd quarter valued at approximately $89,000. Finally, GAMMA Investing LLC boosted its position in Healthcare Realty Trust by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 7,444 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 1,875 shares during the period.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 7,750 shares of the stock in a transaction dated Friday, November 22nd. The stock was bought at an average price of $17.39 per share, for a total transaction of $134,772.50. Following the purchase, the director now directly owns 50,002 shares of the company’s stock, valued at $869,534.78. The trade was a 18.34 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock opened at $18.12 on Tuesday. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of -11.47 and a beta of 0.93. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $18.90. The firm has a 50 day moving average price of $17.76 and a two-hundred day moving average price of $17.46.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 6.85%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -78.48%.

Analysts Set New Price Targets

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

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.