Algert Global LLC Decreases Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Algert Global LLC trimmed its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 32.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,920 shares of the real estate investment trust’s stock after selling 12,472 shares during the period. Algert Global LLC’s holdings in Healthcare Realty Trust were worth $470,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Healthcare Realty Trust by 38.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Healthcare Realty Trust by 260.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 2,030 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Healthcare Realty Trust in the 3rd quarter worth approximately $89,000. GAMMA Investing LLC boosted its holdings in shares of Healthcare Realty Trust by 67.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 2,238 shares during the last quarter. Finally, Trust Point Inc. acquired a new position in shares of Healthcare Realty Trust during the 3rd quarter worth approximately $182,000.

Insider Buying and Selling

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 7,750 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of $17.39 per share, with a total value of $134,772.50. Following the transaction, the director now owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. The trade was a 18.34 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Knox Singleton purchased 6,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $18.24 per share, with a total value of $118,560.00. Following the completion of the acquisition, the director now directly owns 57,082 shares of the company’s stock, valued at $1,041,175.68. This represents a 12.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Healthcare Realty Trust Trading Down 0.9 %

Shares of NYSE HR opened at $18.32 on Friday. The business’s fifty day simple moving average is $17.75 and its 200-day simple moving average is $17.34. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $18.90. The stock has a market cap of $6.49 billion, a P/E ratio of -11.59 and a beta of 0.91.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid 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 dividend yield of 6.77%. Healthcare Realty Trust’s payout ratio is -78.48%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HR shares. Wedbush lifted their price objective on Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Scotiabank lifted their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday, October 1st. One 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. Based on data from MarketBeat.com, Healthcare Realty Trust currently has an average 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.