Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Healthcare Realty Trust Incorporated (NYSE:HR – Get Rating) by 320.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 287,811 shares of the real estate investment trust’s stock after purchasing an additional 219,436 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.13% of Healthcare Realty Trust worth $6,001,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of HR. Venture Visionary Partners LLC acquired a new stake in shares of Healthcare Realty Trust in the 2nd quarter valued at approximately $32,000. Wipfli Financial Advisors LLC acquired a new stake in shares of Healthcare Realty Trust in the 3rd quarter valued at approximately $26,000. Allworth Financial LP lifted its holdings in shares of Healthcare Realty Trust by 483.8% in the 3rd quarter. Allworth Financial LP now owns 1,512 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,253 shares during the period. Selective Wealth Management Inc. acquired a new stake in shares of Healthcare Realty Trust in the 3rd quarter valued at approximately $33,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Healthcare Realty Trust by 63.6% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,800 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 700 shares during the period. 98.37% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on HR shares. Barclays reduced their price objective on Healthcare Realty Trust from $33.00 to $28.00 in a report on Thursday, November 10th. Citigroup cut Healthcare Realty Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $22.50 to $22.00 in a report on Wednesday, December 14th. JPMorgan Chase & Co. reduced their price objective on Healthcare Realty Trust from $28.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, December 2nd. Finally, StockNews.com started coverage on Healthcare Realty Trust in a report on Wednesday, October 12th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Healthcare Realty Trust has an average rating of “Hold” and a consensus price target of $28.00.
Healthcare Realty Trust Stock Down 0.5 %
NYSE HR opened at $20.92 on Thursday. Healthcare Realty Trust Incorporated has a fifty-two week low of $18.16 and a fifty-two week high of $32.89. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 77.48 and a beta of 0.70. The business has a fifty day moving average of $19.77 and a 200-day moving average of $22.02.
Healthcare Realty Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th were given a $0.31 dividend. The ex-dividend date was Monday, November 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.93%. This is an increase from Healthcare Realty Trust’s previous quarterly dividend of $0.20. Healthcare Realty Trust’s payout ratio is currently 459.28%.
Healthcare Realty Trust Company Profile
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.
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