Harbor Capital Advisors Inc. Sells 674 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Harbor Capital Advisors Inc. lowered its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 13.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,250 shares of the real estate investment trust’s stock after selling 674 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Healthcare Realty Trust were worth $72,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Pzena Investment Management LLC bought a new stake in Healthcare Realty Trust in the third quarter worth about $40,392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Healthcare Realty Trust by 358.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,110 shares of the real estate investment trust’s stock worth $38,879,000 after buying an additional 1,674,583 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Healthcare Realty Trust during the 2nd quarter worth approximately $10,304,000. Millennium Management LLC boosted its holdings in Healthcare Realty Trust by 1,003.2% during the 2nd quarter. Millennium Management LLC now owns 435,977 shares of the real estate investment trust’s stock valued at $7,185,000 after acquiring an additional 396,456 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Healthcare Realty Trust by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock valued at $96,513,000 after acquiring an additional 395,243 shares during the period.

Analyst Ratings Changes

Several analysts have recently weighed in on HR shares. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Friday, December 20th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $17.00 price target (up previously from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. Finally, Wedbush downgraded shares of Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $18.00 to $16.00 in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.14.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $16.22 on Thursday. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of -10.27 and a beta of 0.94. The firm’s 50-day moving average is $17.33 and its two-hundred day moving average is $17.57. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 7.64%. Healthcare Realty Trust’s dividend payout ratio is presently -78.48%.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 7,750 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, November 22nd. The shares were bought at an average cost of $17.39 per share, with a total value of $134,772.50. Following the transaction, the director now directly owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. This represents a 18.34 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert E. Hull sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total transaction of $174,800.00. Following the completion of the transaction, the chief operating officer now directly owns 171,400 shares of the company’s stock, valued at $2,996,072. The trade was a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired a total of 18,750 shares of company stock valued at $323,723 over the last ninety days. 0.56% of the stock is owned by company insiders.

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.