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 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 transaction, the chief operating officer now directly owns 171,400 shares in the company, valued at approximately $2,996,072. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Healthcare Realty Trust Stock Down 1.2 %

HR opened at $16.70 on Friday. The stock has a market cap of $5.92 billion, a P/E ratio of -10.57 and a beta of 0.93. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $18.90. The company has a fifty day simple moving average of $17.72 and a 200 day simple moving average of $17.52.

Healthcare Realty Trust Dividend Announcement

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

Hedge Funds Weigh In On Healthcare Realty Trust

Several institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its stake in Healthcare Realty Trust by 4.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 27,317 shares of the real estate investment trust’s stock valued at $450,000 after buying an additional 1,261 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Healthcare Realty Trust during the second quarter worth $204,000. Slagle Financial LLC lifted its position in Healthcare Realty Trust by 8.6% in the 2nd quarter. Slagle Financial LLC now owns 166,812 shares of the real estate investment trust’s stock valued at $2,749,000 after acquiring an additional 13,150 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Healthcare Realty Trust by 10.9% in the 2nd quarter. Baillie Gifford & Co. now owns 38,442 shares of the real estate investment trust’s stock worth $634,000 after purchasing an additional 3,783 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Healthcare Realty Trust by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,492,116 shares of the real estate investment trust’s stock worth $74,030,000 after purchasing an additional 216,662 shares in the last quarter.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reissued 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.