Wellington Management Group LLP Reduces Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Wellington Management Group LLP cut its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,313 shares of the real estate investment trust’s stock after selling 2,592 shares during the quarter. Wellington Management Group LLP’s holdings in Healthcare Realty Trust were worth $1,440,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Weiss Asset Management LP purchased a new stake in Healthcare Realty Trust in the third quarter valued at $1,471,000. Stifel Financial Corp increased its position in shares of Healthcare Realty Trust by 13.4% during the 3rd quarter. Stifel Financial Corp now owns 84,728 shares of the real estate investment trust’s stock worth $1,538,000 after purchasing an additional 10,044 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Healthcare Realty Trust in the 3rd quarter valued at about $425,000. Quantinno Capital Management LP acquired a new position in Healthcare Realty Trust in the third quarter valued at about $206,000. Finally, Point72 DIFC Ltd boosted its stake in Healthcare Realty Trust by 113.7% during the third quarter. Point72 DIFC Ltd now owns 107,420 shares of the real estate investment trust’s stock worth $1,950,000 after buying an additional 57,161 shares during the period.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reissued an “underweight” rating and issued a $17.00 price target (up 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 assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Healthcare Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $17.17.

Insider Activity

In other news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $17.21 per share, with a total value of $172,100.00. Following the transaction, the director now owns 26,576 shares in the company, valued at approximately $457,372.96. This trade represents a 60.33 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas N. Bohjalian acquired 7,750 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost of $17.39 per share, with a total value of $134,772.50. Following the completion of the transaction, the director now owns 50,002 shares in the company, valued at approximately $869,534.78. The trade was a 18.34 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Stock Performance

NYSE HR opened at $16.90 on Thursday. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of -10.70 and a beta of 0.93. The firm has a 50 day simple moving average of $17.73 and a 200-day simple moving average of $17.52. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.90.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date of this dividend was Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio is currently -78.48%.

About Healthcare Realty Trust

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.