Park Avenue Securities LLC Purchases 7,806 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Park Avenue Securities LLC raised its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 54.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,121 shares of the real estate investment trust’s stock after purchasing an additional 7,806 shares during the period. Park Avenue Securities LLC’s holdings in Healthcare Realty Trust were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at approximately $59,352,000. Rush Island Management LP increased its stake in Healthcare Realty Trust by 43.7% in the third quarter. Rush Island Management LP now owns 11,010,401 shares of the real estate investment trust’s stock valued at $168,129,000 after acquiring an additional 3,350,506 shares during the last quarter. Waterfront Capital Partners LLC purchased a new stake in Healthcare Realty Trust during the fourth quarter valued at about $51,775,000. APG Asset Management US Inc. lifted its stake in Healthcare Realty Trust by 12.0% during the fourth quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock worth $216,527,000 after purchasing an additional 1,348,529 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA boosted its holdings in shares of Healthcare Realty Trust by 148.6% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock worth $29,136,000 after purchasing an additional 1,010,841 shares in the last quarter.

Analyst Ratings Changes

HR has been the topic of several research reports. Scotiabank lifted their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Wedbush boosted their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Wells Fargo & Company raised their price objective on Healthcare Realty Trust from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, June 14th. Finally, JPMorgan Chase & Co. lowered their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $17.40.

Healthcare Realty Trust Stock Down 0.9 %

Shares of Healthcare Realty Trust stock opened at $16.48 on Monday. The business has a 50 day moving average of $15.72 and a 200 day moving average of $15.39. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $20.25. The company has a market cap of $6.24 billion, a PE ratio of -12.39 and a beta of 0.86.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.24 annualized dividend and a dividend yield of 7.52%. Healthcare Realty Trust’s dividend payout ratio is -93.23%.

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.