Nordea Investment Management AB Boosts Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Nordea Investment Management AB grew its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 0.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,253,535 shares of the real estate investment trust’s stock after acquiring an additional 2,113 shares during the period. Nordea Investment Management AB owned about 0.92% of Healthcare Realty Trust worth $55,050,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pzena Investment Management LLC purchased a new position in Healthcare Realty Trust in the 3rd quarter valued at approximately $40,392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Healthcare Realty Trust by 358.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,110 shares of the real estate investment trust’s stock valued at $38,879,000 after purchasing an additional 1,674,583 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Healthcare Realty Trust during the 2nd quarter valued at $10,304,000. Millennium Management LLC lifted its holdings in Healthcare Realty Trust by 1,003.2% during the 2nd quarter. Millennium Management LLC now owns 435,977 shares of the real estate investment trust’s stock worth $7,185,000 after purchasing an additional 396,456 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Healthcare Realty Trust by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock worth $96,513,000 after purchasing an additional 395,243 shares during the period.

Healthcare Realty Trust Stock Performance

Shares of NYSE:HR opened at $16.53 on Wednesday. The firm has a market capitalization of $5.86 billion, a PE ratio of -10.46 and a beta of 0.94. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $18.90. The firm has a fifty day moving average of $17.43 and a 200 day moving average of $17.57.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders 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 annualized dividend and a dividend yield of 7.50%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -78.48%.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, COO Robert E. Hull sold 10,000 shares of the company’s 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 sale, the chief operating officer now directly owns 171,400 shares in the company, valued at $2,996,072. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas N. Bohjalian acquired 7,750 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was bought at an average price of $17.39 per share, for a total transaction of $134,772.50. Following the acquisition, 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 position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 18,750 shares of company stock valued at $323,723. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. Wedbush downgraded shares of Healthcare Realty Trust from a “neutral” rating to an “underperform” rating and cut their price target for the company from $18.00 to $16.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Friday, December 20th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.14.

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.