Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Healthcare Realty Trust Incorporated (NYSE: HR – Get Rating) by 4.3% during the 1st quarter, according to its latest filing with the Securities and Exchange Commission. The company held 63,617 shares of the real estate investment trust after purchasing an additional 2,594 shares during the quarter. The holdings of Mitsubishi UFJ Kokusai Asset Management Co. Ltd. in Healthcare Realty Trust were worth $1,748,000 at the end of the most recent period.
Several other institutional investors and hedge funds have also recently changed their holdings in the company. Principal Financial Group Inc. increased its equity stake in Healthcare Realty Trust by 16.0% in Q4. Principal Financial Group Inc. now owns 11,715,612 shares of the real estate investment trust worth $370,535,000 after purchasing an additional 1,614,865 shares during the period. State Street Corp increased its holdings of Healthcare Realty Trust shares by 7.6% in the fourth quarter. State Street Corp now owns 7,914,239 shares of the real estate investment trust valued at $250,407,000 after purchasing an additional 558,682 shares during the period. Goldman Sachs Group Inc. increased its holdings of Healthcare Realty Trust shares by 14.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,810,961 shares of the real estate investment trust valued at $120,578,000 after purchasing an additional 493,380 shares during the period. The Canada Pension Plan Investment Board increased its holdings of Healthcare Realty Trust shares by 2.0% in the fourth quarter. The Canada Pension Plan Investment Board now owns 3,488,458 shares of the real estate investment trust worth $110,375,000 after purchasing an additional 67,100 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Healthcare Realty Trust by 16.7% in the fourth quarter. Northern Trust Corp now owns 2,923,031 shares of the real estate investment trust valued at $92,485,000 after purchasing an additional 418,067 shares during the period. Hedge funds and other institutional investors own 96.65% of the company’s shares.
Analyst upgrades and downgrades
Several research analysts have recently commented on the company. Citigroup reissued a “neutral” rating and set a target price of $27.00 on shares of Healthcare Realty Trust in a research note on Tuesday, August 9. Sumitomo Mitsui Financial Group upgraded Healthcare Realty Trust from a “neutral” rating to an “outperforming” rating and set a target price of $30.00 for the company in a research note on Thursday. Barclays assumed cover from Healthcare Realty Trust in a Tuesday, April 26 research note. They set an “overweight” rating and a target price of $33.00 for the company. BMO Capital Markets took on Healthcare Realty Trust coverage in a Wednesday, June 22 research note. They set a “holding” rating and a target price of $28.00 for the company. Finally, JPMorgan Chase & Co. assumed coverage from Healthcare Realty Trust in a Thursday, July 21 research note. They set a “neutral” rating for the company. One analyst rated the stock with a sell rating, five gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.29.
Health Care Real Estate Trust Stock Performance
NYSE: HR opened at $26.34 on Friday. The stock has a 50-day simple moving average of $25.98 and a 200-day simple moving average of $27.69. The stock has a market capitalization of $6.03 billion, a P/E ratio of 90.83 and a beta of 0.67. Healthcare Realty Trust Incorporated has a 1 year minimum of $23.28 and a 1 year maximum of $34.83.
Healthcare Realty Trust Announces Dividend
The company also recently announced a variable dividend, which will be paid on Tuesday, August 30. Shareholders of record on Monday, August 15 will receive a dividend of $0.109 per share. The ex-dividend date is Friday, August 12. Healthcare Realty Trust’s dividend payout ratio is currently 458.64%.
About Healthcare Realty Trust
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Healthcare Realty Trust is a real estate investment trust that integrates the ownership, management, financing and development of income-generating real estate properties associated primarily with the provision of ambulatory 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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