Healthcare Realty Trust Incorporated (NYSE:HR) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 2.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 977,595 shares of the real estate investment trust’s stock after selling 26,220 shares during the period. Retirement Systems of Alabama owned 0.28% of Healthcare Realty Trust worth $17,743,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HR. Allspring Global Investments Holdings LLC boosted its position 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 purchasing an additional 628 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Healthcare Realty Trust by 260.6% during the second 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 period. Point72 Hong Kong Ltd bought a new position in shares of Healthcare Realty Trust during the third quarter worth about $65,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Healthcare Realty Trust in the 3rd quarter worth about $78,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Healthcare Realty Trust in the 3rd quarter valued at about $89,000.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company restated an “underweight” rating and issued a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.17.

Healthcare Realty Trust Price Performance

Shares of NYSE HR opened at $17.22 on Friday. The stock has a market cap of $6.10 billion, a P/E ratio of -10.90 and a beta of 0.93. The firm’s 50-day simple moving average is $17.73 and its 200 day simple moving average is $17.49. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.31 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.20%. Healthcare Realty Trust’s dividend payout ratio (DPR) is -78.48%.

Insider Transactions at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian acquired 7,750 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were bought at an average price of $17.39 per share, with a total value of $134,772.50. Following the purchase, the director now owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. This represents a 18.34 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.56% of the company’s stock.

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.