Geode Capital Management LLC Sells 102,732 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Geode Capital Management LLC lessened its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 1.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,954,954 shares of the real estate investment trust’s stock after selling 102,732 shares during the period. Geode Capital Management LLC’s holdings in Healthcare Realty Trust were worth $126,261,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HR. Barclays PLC raised its position in shares of Healthcare Realty Trust by 116.2% in the 3rd quarter. Barclays PLC now owns 722,582 shares of the real estate investment trust’s stock worth $13,117,000 after acquiring an additional 388,305 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $849,000. MML Investors Services LLC grew its stake in Healthcare Realty Trust by 6.1% during the third quarter. MML Investors Services LLC now owns 24,487 shares of the real estate investment trust’s stock worth $444,000 after purchasing an additional 1,416 shares during the period. Hodges Capital Management Inc. increased its holdings in Healthcare Realty Trust by 9.2% in the third quarter. Hodges Capital Management Inc. now owns 34,985 shares of the real estate investment trust’s stock worth $635,000 after purchasing an additional 2,935 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Healthcare Realty Trust in the third quarter valued at approximately $788,000.

Healthcare Realty Trust Stock Performance

HR stock opened at $17.50 on Wednesday. The stock’s 50 day simple moving average is $17.74 and its 200 day simple moving average is $17.53. The company has a market cap of $6.20 billion, a P/E ratio of -11.08 and a beta of 0.93. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $18.90.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.09%. The ex-dividend date was Tuesday, November 12th. Healthcare Realty Trust’s payout ratio is -78.48%.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian acquired 7,750 shares of the stock in a transaction dated Friday, November 22nd. The stock was purchased at an average cost of $17.39 per share, with a total value of $134,772.50. Following the completion of the purchase, the director now directly owns 50,002 shares in the company, valued at $869,534.78. This trade represents a 18.34 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter F. Sr Lyle, Sr. bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $17.21 per share, for a total transaction of $172,100.00. Following the transaction, the director now owns 26,576 shares of the company’s stock, valued at $457,372.96. The trade was a 60.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 price objective (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.17.

Healthcare Realty Trust 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.