Healthcare Realty Trust Incorporated (NYSE:HR) Stock Holdings Boosted by Bank of New York Mellon Corp

On Mar 19, 2023

Bank of New York Mellon Corp lifted its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Get Rating) by 99.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,318,646 shares of the real estate investment trust’s stock after acquiring an additional 3,150,186 shares during the period. Bank of New York Mellon Corp owned 1.66% of Healthcare Realty Trust worth $131,745,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of HR. Wipfli Financial Advisors LLC acquired a new stake in Healthcare Realty Trust in the third quarter worth about $26,000. Bessemer Group Inc. acquired a new stake in Healthcare Realty Trust in the third quarter worth about $28,000. Allworth Financial LP lifted its holdings in Healthcare Realty Trust by 483.8% in the third quarter. Allworth Financial LP now owns 1,512 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,253 shares during the period. Citizens National Bank Trust Department acquired a new stake in Healthcare Realty Trust in the third quarter worth about $32,000. Finally, Selective Wealth Management Inc. acquired a new stake in Healthcare Realty Trust in the third quarter worth about $33,000. Institutional investors own 98.37% of the company’s stock.

Insider Buying and Selling

In other news, Director James Joseph Iv Kilroy acquired 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The shares were purchased at an average price of $19.02 per share, for a total transaction of $45,648.00. Following the completion of the acquisition, the director now owns 26,601 shares of the company’s stock, valued at approximately $505,951.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of Healthcare Realty Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, December 2nd. TheStreet downgraded shares of Healthcare Realty Trust from a “c” rating to a “d+” rating in a report on Wednesday, March 1st. Credit Suisse Group downgraded shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and cut their price target for the company from $23.00 to $20.00 in a report on Monday, March 6th. Finally, Citigroup downgraded shares of Healthcare Realty Trust from a “buy” rating to a “neutral” rating and cut their price target for the company from $22.50 to $22.00 in a report on Wednesday, December 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and a consensus target price of $26.88.

Healthcare Realty Trust Price Performance

Shares of HR opened at $19.22 on Friday. The business’s 50-day moving average is $20.44 and its 200-day moving average is $20.48. Healthcare Realty Trust Incorporated has a fifty-two week low of $18.16 and a fifty-two week high of $32.15. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 174.74 and a beta of 0.76.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 21st. Investors of record on Tuesday, March 7th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 6th. This represents a $1.24 dividend on an annualized basis and a yield of 6.45%. Healthcare Realty Trust’s dividend payout ratio is currently 1,127.38%.

About Healthcare Realty Trust

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Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded in 1992 and is headquartered in Nashville, TN.