Fortis Advisors LLC Buys 11,428 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Fortis Advisors LLC boosted its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 60.9% in the third quarter, HoldingsChannel.com reports. The firm owned 30,200 shares of the real estate investment trust’s stock after acquiring an additional 11,428 shares during the period. Fortis Advisors LLC’s holdings in Healthcare Realty Trust were worth $548,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Healthcare Realty Trust by 38.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 628 shares during the last quarter. Signaturefd LLC raised its stake in Healthcare Realty Trust by 3.4% in the third quarter. Signaturefd LLC now owns 24,912 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 823 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Healthcare Realty Trust by 1.1% in the second quarter. Victory Capital Management Inc. now owns 81,598 shares of the real estate investment trust’s stock worth $1,345,000 after acquiring an additional 848 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Healthcare Realty Trust by 1.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 66,654 shares of the real estate investment trust’s stock worth $1,098,000 after acquiring an additional 929 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Healthcare Realty Trust by 3.6% during the third quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust’s stock valued at $551,000 after acquiring an additional 1,062 shares in the last quarter.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR opened at $17.43 on Tuesday. The company has a 50 day simple moving average of $17.80 and a two-hundred day simple moving average of $17.20. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $18.90.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.12%. Healthcare Realty Trust’s dividend payout ratio is presently -78.48%.

Insider Buying and Selling at Healthcare Realty Trust

In related news, Director John Knox Singleton purchased 6,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the transaction, the director now owns 57,082 shares in the company, valued at $1,041,175.68. The trade was a 12.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HR. Scotiabank lifted their target price on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Wedbush upped their target price on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $17.17.

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.