Healthcare Realty Trust Incorporated (NYSE:HR) Holdings Cut by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 92.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 844,528 shares of the real estate investment trust’s stock after selling 10,407,700 shares during the quarter. Principal Financial Group Inc. owned about 0.22% of Healthcare Realty Trust worth $15,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its position in Healthcare Realty Trust by 35.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 26,056 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 6,763 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Healthcare Realty Trust by 9.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 296,129 shares of the real estate investment trust’s stock worth $4,190,000 after acquiring an additional 24,358 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Healthcare Realty Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after acquiring an additional 723,197 shares during the last quarter. Natixis bought a new position in shares of Healthcare Realty Trust in the first quarter worth about $6,311,000. Finally, MQS Management LLC acquired a new stake in shares of Healthcare Realty Trust during the 1st quarter worth approximately $172,000.

Healthcare Realty Trust Price Performance

NYSE HR opened at $17.49 on Friday. 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 $6.20 billion, a price-to-earnings ratio of -11.07 and a beta of 0.91. The company has a fifty day moving average price of $17.81 and a 200-day moving average price of $17.15.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.09%. The ex-dividend date is Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -78.48%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wedbush boosted their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Scotiabank boosted their price objective on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One research 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.17.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director John Knox Singleton purchased 6,500 shares of Healthcare Realty Trust stock in a transaction on Thursday, September 5th. The shares were acquired 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 directly owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. The trade was a 12.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.

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.