Hodges Capital Management Inc. Takes $383,000 Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Hodges Capital Management Inc. acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the first quarter, HoldingsChannel reports. The fund acquired 27,050 shares of the real estate investment trust’s stock, valued at approximately $383,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its position in shares of Healthcare Realty Trust by 106.0% in the 4th quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 954 shares in the last quarter. Quent Capital LLC grew its stake in Healthcare Realty Trust by 47.4% in the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 622 shares during the period. Muzinich & Co. Inc. increased its holdings in shares of Healthcare Realty Trust by 98.1% in the fourth quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,079 shares in the last quarter. Quarry LP acquired a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $39,000. Finally, International Assets Investment Management LLC bought a new position in shares of Healthcare Realty Trust during the 4th quarter valued at about $45,000.

Healthcare Realty Trust Trading Down 0.9 %

NYSE:HR traded down $0.15 on Friday, hitting $16.48. 4,086,761 shares of the company’s stock were exchanged, compared to its average volume of 4,179,489. The firm has a 50-day moving average price of $15.72 and a 200-day moving average price of $15.40. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $20.25.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Monday, May 13th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.24 annualized dividend and a yield of 7.52%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -93.23%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wedbush increased their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Wells Fargo & Company increased their price objective on shares of Healthcare Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, June 14th. JPMorgan Chase & Co. cut their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Finally, Scotiabank increased their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Healthcare Realty Trust has an average rating of “Hold” and an average price target of $17.40.

About Healthcare Realty Trust

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.