Wellington Management Group LLP Reduces Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Wellington Management Group LLP reduced its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 3.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 79,313 shares of the real estate investment trust’s stock after selling 2,592 shares during the period. Wellington Management Group LLP’s holdings in Healthcare Realty Trust were worth $1,440,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Weiss Asset Management LP acquired a new position in Healthcare Realty Trust during the third quarter worth approximately $1,471,000. Stifel Financial Corp grew its position in shares of Healthcare Realty Trust by 13.4% during the third quarter. Stifel Financial Corp now owns 84,728 shares of the real estate investment trust’s stock worth $1,538,000 after acquiring an additional 10,044 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at $425,000. Quantinno Capital Management LP acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at $206,000. Finally, Point72 DIFC Ltd raised its position in Healthcare Realty Trust by 113.7% in the 3rd quarter. Point72 DIFC Ltd now owns 107,420 shares of the real estate investment trust’s stock valued at $1,950,000 after purchasing an additional 57,161 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company restated an “underweight” rating and issued a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. One investment 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’s stock. Based on data from MarketBeat.com, the stock 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 $16.90 on Thursday. The stock has a fifty day moving average price of $17.73 and a 200 day moving average price of $17.52. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The company has a market cap of $5.99 billion, a PE ratio of -10.70 and a beta of 0.93.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 7.34%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -78.48%.

Insider Activity

In related news, Director Thomas N. Bohjalian bought 7,750 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of $17.39 per share, for a total transaction of $134,772.50. Following the transaction, the director now owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. This trade represents a 18.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Robert E. Hull sold 10,000 shares of the stock in a transaction dated 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 owns 171,400 shares of the company’s stock, valued at $2,996,072. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Company 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.