Point72 Hong Kong Ltd Invests $65,000 in Healthcare Realty Trust Incorporated (NYSE:HR)

Point72 Hong Kong Ltd purchased a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,600 shares of the real estate investment trust’s stock, valued at approximately $65,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HR. Allspring Global Investments Holdings LLC boosted its stake in Healthcare Realty Trust by 38.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 worth $50,000 after buying an additional 2,030 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Healthcare Realty Trust in the third quarter worth $89,000. GAMMA Investing LLC increased its stake in 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 valued at $92,000 after buying an additional 2,238 shares during the period. Finally, Virtu Financial LLC bought a new stake in Healthcare Realty Trust during the first quarter worth approximately $152,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on HR. 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 research note on Wednesday, August 7th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.17.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 7,750 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now owns 50,002 shares of the company’s stock, valued at $869,534.78. The trade was a 18.34 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Knox Singleton acquired 6,500 shares of Healthcare Realty Trust stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of $18.24 per share, with a total value of $118,560.00. Following the transaction, the director now owns 57,082 shares in the company, valued at approximately $1,041,175.68. This trade 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 Stock Down 2.3 %

NYSE:HR opened at $18.12 on Wednesday. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of -11.47 and a beta of 0.93. The stock’s 50 day moving average price is $17.75 and its two-hundred day moving average price is $17.38. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $18.90.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.84%. The ex-dividend date was 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.