KBC Group NV Raises Position in Healthcare Realty Trust Incorporated (NYSE:HR)

KBC Group NV grew its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 16.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,451 shares of the real estate investment trust’s stock after purchasing an additional 1,625 shares during the quarter. KBC Group NV’s holdings in Healthcare Realty Trust were worth $208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its position in Healthcare Realty Trust by 52.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock valued at $154,833,000 after purchasing an additional 3,758,040 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Healthcare Realty Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock valued at $767,585,000 after acquiring an additional 723,197 shares in the last quarter. Renaissance Technologies LLC bought a new position in Healthcare Realty Trust in the 2nd quarter worth $10,304,000. Candriam S.C.A. purchased a new stake in shares of Healthcare Realty Trust in the 2nd quarter worth about $8,911,000. Finally, Millennium Management LLC increased its position in shares of Healthcare Realty Trust by 1,003.2% during the second quarter. Millennium Management LLC now owns 435,977 shares of the real estate investment trust’s stock valued at $7,185,000 after buying an additional 396,456 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HR shares. Scotiabank raised their target price on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company restated an “underweight” rating and issued a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. Finally, Wedbush boosted their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 5th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.17.

Insider Transactions at Healthcare Realty Trust

In other news, Director John Knox Singleton bought 6,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the purchase, the director now directly owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The trade was a 12.85 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Trading Down 0.6 %

HR opened at $17.56 on Thursday. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $18.90. The stock has a 50-day moving average of $17.78 and a 200 day moving average of $17.23. The firm has a market cap of $6.22 billion, a P/E ratio of -11.11 and a beta of 0.91.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend is Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -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.