AE Wealth Management LLC purchased a new position in Healthcare Realty Trust Incorporated (NYSE: HR – Get Rating) in the third quarter, according to the latest Form 13F filed with the US Securities and Exchange Commission. The Fund purchased 43,342 shares of Real Estate Investment Trust stock valued at approximately $904,000.
Other hedge funds and other institutional investors have also recently changed positions in the company. Vanguard Group Inc. increased its Healthcare Realty Trust holdings by 2.7% in the first quarter. Vanguard Group Inc. now owns 22,207,069 real estate investment trust shares valued at $610,251,000 after purchasing an additional 585,270 shares during the previous quarter. State Street Corp increased its holding of Healthcare Realty Trust by 1.8% in the second quarter. State Street Corp owns 8,946,562 of his shares in real estate investment trusts worth $243,346,000 after purchasing an additional 161,978 of his shares last quarter. Principal Financial Group, Inc. increased its holding in Healthcare Realty Trust by 0.3% in the second quarter. Principal Financial Group now owns 5,923,295 real estate investment trust shares valued at $161,112,000 after purchasing an additional 16,357 shares during the previous quarter. Invesco Ltd. increased its Healthcare Realty Trust holdings by 479.6% in the first quarter. Invesco Ltd. now owns 5,767,849 real estate investment trust shares valued at $158.5 million after purchasing an additional 4,772,676 shares during the previous quarter. Finally, Scout Investments Inc. increased its Healthcare Realty Trust holdings by 107.1% in the second quarter. Scout Investments Inc. now owns 4,250,962 real estate investment trust shares valued at $115,626,000 after purchasing an additional 2,198,390 shares in the previous quarter. 98.37% of the shares are owned by hedge funds and other institutional investors.
Analyst sets new price target
HR has been the topic of several recent research reports. JPMorgan Chase & Company lowered its health care realty trust share price target to $22.00 from $28.00 in a report on Friday, December 2, giving the stock a “neutral” rating. Citigroup downgraded Healthcare Realty Trust’s rating from ‘buy’ to ‘neutral’ in a research report on Wednesday, Dec. 14, and he lowered the company’s price target to $22.00 from $22.50. Barclays lowered its Healthcare Realty Trust target price from $33.00 to $28.00 in a research report on Thursday, November 10th. Finally, StockNews.com featured the Healthcare Realty Trust in his Wednesday, Oct. 12 research report. They set a “sell” rating on the stock. One investment analyst gave the stock a sell rating, four assigned a hold rating, and four assigned a buy rating. According to MarketBeat.com, Healthcare Realty Trust’s current average valuation is “hold” with an average target price of $28.00.
Price performance of healthcare real estate trusts
HR shares opened at $21.08 on Friday. The company has a market capitalization of $8.02 billion, a P/E ratio of 78.08 and a beta of 0.70. His 50-day simple moving average for this stock is $19.69 and his 200-day simple moving average is $22.24. Healthcare Realty Trust Incorporated has a one-year low of $18.16 and a one-year high of $33.13.
Healthcare Realty Trust Increases Dividend
The company recently announced a quarterly dividend, which was paid out on Wednesday, November 30th. Shareholders of record on Tuesday, November 15 were paid a dividend of $0.31. The ex-dividend date for this dividend was Monday, November 14. This represents his $1.24 dividend and his 5.88% yield on an annualized basis. This is a positive change from Healthcare Realty Trust’s previous quarterly dividend of $0.20. Healthcare Realty Trust’s current payout ratio is 459.28%.
Healthcare Realty Trust Profile
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Healthcare Realty Trust is a real estate investment trust that integrates the ownership, management, financing and development of income-generating real estate properties primarily related to the provision of ambulatory medical services throughout the United States. As of September 30, 2020, the Company owned 211 properties totaling 15.5 million square feet in her 24 states, valued at approximately $5.5 billion.
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