Advisors Asset Management Inc. Buys 8,638 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Advisors Asset Management Inc. grew its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,261 shares of the real estate investment trust’s stock after purchasing an additional 8,638 shares during the quarter. Advisors Asset Management Inc.’s holdings in Healthcare Realty Trust were worth $2,328,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Healthcare Realty Trust during the 3rd quarter valued at $7,052,000. Meeder Asset Management Inc. raised its holdings in shares of Healthcare Realty Trust by 5,473.8% in the third quarter. Meeder Asset Management Inc. now owns 14,492 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 14,232 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of Healthcare Realty Trust by 12.5% during the third quarter. Pathstone Holdings LLC now owns 159,193 shares of the real estate investment trust’s stock valued at $2,889,000 after purchasing an additional 17,717 shares in the last quarter. Fortis Advisors LLC boosted its holdings in Healthcare Realty Trust by 60.9% during the third quarter. Fortis Advisors LLC now owns 30,200 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 11,428 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in Healthcare Realty Trust by 2,471.4% during the third quarter. Quest Partners LLC now owns 221,348 shares of the real estate investment trust’s stock worth $4,017,000 after purchasing an additional 212,740 shares during the last quarter.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian purchased 7,750 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost of $17.39 per share, with a total value of $134,772.50. Following the completion of the acquisition, the director now directly owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. The trade was a 18.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Knox Singleton acquired 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares in the company, valued at $1,041,175.68. This trade represents a 12.85 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 14,478 shares of company stock valued at $257,332. 0.56% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on HR shares. 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 report on Tuesday, October 1st. Scotiabank lifted their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. Finally, Wedbush upped their price objective on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Healthcare Realty Trust presently has a consensus rating of “Hold” and an average target price of $17.17.

Healthcare Realty Trust Trading Down 2.8 %

Shares of NYSE HR opened at $17.30 on Friday. The stock has a fifty day simple moving average of $17.73 and a two-hundred day simple moving average of $17.26. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of -10.95 and a beta of 0.91.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.31 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.17%. Healthcare Realty Trust’s payout ratio is -78.48%.

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.