Quest Partners LLC Buys 212,740 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Quest Partners LLC boosted its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 2,471.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221,348 shares of the real estate investment trust’s stock after acquiring an additional 212,740 shares during the period. Healthcare Realty Trust accounts for about 0.4% of Quest Partners LLC’s holdings, making the stock its 12th biggest position. Quest Partners LLC owned about 0.06% of Healthcare Realty Trust worth $4,017,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Healthcare Realty Trust by 38.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 628 shares during the period. EverSource Wealth Advisors LLC boosted its position in Healthcare Realty Trust by 260.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 2,030 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Healthcare Realty Trust in the third quarter worth about $89,000. GAMMA Investing LLC increased its stake in shares of Healthcare Realty Trust by 67.2% in the second quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 2,238 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Healthcare Realty Trust in the first quarter valued at approximately $152,000.

Insider Activity at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director John Knox Singleton bought 6,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $18.24 per share, with a total value of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares of the company’s stock, valued at approximately $1,041,175.68. This trade represents a 12.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wedbush lifted their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company reiterated an “underweight” rating and issued a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Finally, Scotiabank increased their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. One 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, Healthcare Realty Trust currently has a consensus rating of “Hold” and an average price target of $17.17.

Healthcare Realty Trust Stock Performance

HR opened at $17.49 on Monday. The stock’s 50 day moving average price is $17.81 and its 200-day moving average price is $17.18. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $18.90. The stock has a market capitalization of $6.20 billion, a PE ratio of -11.07 and a beta of 0.91.

Healthcare Realty Trust Announces Dividend

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

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.