MetLife Investment Management LLC Has $3.61 Million Position in Healthcare Realty Trust Incorporated (NYSE:HR)

MetLife Investment Management LLC lessened its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,950 shares of the real estate investment trust’s stock after selling 11,972 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Healthcare Realty Trust worth $3,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HR. Linden Thomas Advisory Services LLC bought a new position in shares of Healthcare Realty Trust in the 2nd quarter valued at $515,000. Deerfield Management Company L.P. Series C bought a new position in Healthcare Realty Trust in the second quarter valued at about $471,000. Thrivent Financial for Lutherans raised its stake in Healthcare Realty Trust by 6.7% during the second quarter. Thrivent Financial for Lutherans now owns 4,784,186 shares of the real estate investment trust’s stock worth $78,843,000 after acquiring an additional 301,747 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Healthcare Realty Trust during the third quarter worth about $7,052,000. Finally, Comerica Bank lifted its holdings in shares of Healthcare Realty Trust by 39.4% in the first quarter. Comerica Bank now owns 251,393 shares of the real estate investment trust’s stock worth $3,557,000 after acquiring an additional 71,057 shares during the last quarter.

Healthcare Realty Trust Stock Performance

HR stock opened at $18.55 on Tuesday. The company has a market capitalization of $6.57 billion, a P/E ratio of -11.59 and a beta of 0.91. The company has a fifty day moving average price of $17.75 and a 200-day moving average price of $17.36. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $18.90.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 6.69%. The ex-dividend date of this dividend was Tuesday, November 12th. Healthcare Realty Trust’s dividend payout ratio is currently -78.48%.

Insiders Place Their Bets

In other news, Director Thomas N. Bohjalian purchased 7,750 shares of the stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of $17.39 per share, for a total transaction of $134,772.50. Following the acquisition, the director now owns 50,002 shares in the company, valued at $869,534.78. This trade represents a 18.34 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Knox Singleton acquired 6,500 shares of Healthcare Realty Trust stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares in the company, valued at approximately $1,041,175.68. The trade was a 12.85 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HR shares. Wells Fargo & Company reiterated an “underweight” rating and set a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Wedbush upped their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Scotiabank raised their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.17.

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.