Franklin Resources Inc. Purchases 6,238 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Franklin Resources Inc. raised its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 3.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 180,958 shares of the real estate investment trust’s stock after buying an additional 6,238 shares during the quarter. Franklin Resources Inc.’s holdings in Healthcare Realty Trust were worth $3,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HR. Allspring Global Investments Holdings LLC increased its stake in 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 valued at $38,000 after acquiring an additional 628 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 2,030 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at $65,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Healthcare Realty Trust during the 3rd quarter worth $78,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth $89,000.

Healthcare Realty Trust Price Performance

NYSE:HR opened at $17.02 on Thursday. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.90. The company has a market cap of $6.03 billion, a PE ratio of -10.77 and a beta of 0.93. The firm’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $17.54.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a $0.31 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.29%. Healthcare Realty Trust’s dividend payout ratio is -78.48%.

Insider Activity at Healthcare Realty Trust

In related news, Director Peter F. Sr Lyle, Sr. bought 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $17.21 per share, for a total transaction of $172,100.00. Following the completion of the acquisition, the director now directly owns 26,576 shares of the company’s stock, valued at approximately $457,372.96. The trade was a 60.33 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas N. Bohjalian purchased 7,750 shares of the stock in a transaction on Friday, November 22nd. The shares were purchased at an average price of $17.39 per share, with a total value of $134,772.50. Following the acquisition, the director now owns 50,002 shares in the company, valued at approximately $869,534.78. The trade was a 18.34 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 18,750 shares of company stock worth $323,723 over the last three months. Company insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

HR has been the subject of several research analyst reports. Wells Fargo & Company reissued an “underweight” rating and set a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $17.50.

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.