Geode Capital Management LLC Has $126.26 Million Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Geode Capital Management LLC reduced its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,954,954 shares of the real estate investment trust’s stock after selling 102,732 shares during the quarter. Geode Capital Management LLC owned about 1.96% of Healthcare Realty Trust worth $126,261,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Deerfield Management Company L.P. Series C bought a new position in Healthcare Realty Trust during the second quarter worth about $471,000. Thrivent Financial for Lutherans increased its holdings in shares of 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 purchasing an additional 301,747 shares during the period. Cerity Partners LLC raised its position in shares of Healthcare Realty Trust by 106.4% in the third quarter. Cerity Partners LLC now owns 77,545 shares of the real estate investment trust’s stock valued at $1,407,000 after buying an additional 39,975 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Healthcare Realty Trust in the third quarter valued at approximately $849,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Healthcare Realty Trust during the third quarter worth approximately $7,052,000.

Wall Street Analyst Weigh In

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

Healthcare Realty Trust Price Performance

Shares of HR opened at $17.50 on Wednesday. The firm has a 50 day simple moving average of $17.74 and a two-hundred day simple moving average of $17.53. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.90. 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 Dividend Announcement

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

Insider Buying and Selling

In related news, COO Robert E. Hull sold 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total transaction of $174,800.00. Following the sale, the chief operating officer now directly owns 171,400 shares in the company, valued at $2,996,072. This trade represents a 5.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas N. Bohjalian bought 7,750 shares of Healthcare Realty Trust stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of $17.39 per share, for a total transaction of $134,772.50. Following the completion of the acquisition, the director now directly owns 50,002 shares in the company, valued at approximately $869,534.78. The trade was a 18.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.

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.