Y Intercept Hong Kong Ltd Invests $849,000 in Healthcare Realty Trust Incorporated (NYSE:HR)

Y Intercept Hong Kong Ltd purchased a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) during the third quarter, Holdings Channel reports. The institutional investor purchased 46,752 shares of the real estate investment trust’s stock, valued at approximately $849,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Healthcare Realty Trust by 7.2% during 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 buying an additional 395,243 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Healthcare Realty Trust by 6.7% during the second quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust’s stock worth $78,843,000 after purchasing an additional 301,747 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Healthcare Realty Trust by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,492,116 shares of the real estate investment trust’s stock valued at $74,030,000 after purchasing an additional 216,662 shares during the last quarter. Sei Investments Co. lifted its holdings in Healthcare Realty Trust by 4.6% in the 2nd quarter. Sei Investments Co. now owns 2,367,735 shares of the real estate investment trust’s stock valued at $39,020,000 after purchasing an additional 103,259 shares in the last quarter. Finally, Pzena Investment Management LLC purchased a new position in Healthcare Realty Trust in the 3rd quarter valued at $40,392,000.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 7,750 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average cost of $17.39 per share, for a total transaction of $134,772.50. Following the completion of the acquisition, the director now owns 50,002 shares of the company’s stock, valued at approximately $869,534.78. The trade was a 18.34 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by insiders.

Healthcare Realty Trust Stock Performance

NYSE HR opened at $17.22 on Friday. The stock’s fifty day moving average is $17.73 and its two-hundred day moving average is $17.48. The firm has a market capitalization of $6.10 billion, a P/E ratio of -10.90 and a beta of 0.93. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust Dividend Announcement

The company also recently declared 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 7.20%. Healthcare Realty Trust’s payout ratio is -78.48%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reiterated an “underweight” rating and issued a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of “Hold” and an average target price of $17.17.

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.