Charles Schwab Investment Management Inc. Boosts Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Charles Schwab Investment Management Inc. increased its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 0.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,319,795 shares of the real estate investment trust’s stock after buying an additional 6,200 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Healthcare Realty Trust were worth $96,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position 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 valued at $38,000 after purchasing an additional 628 shares during the period. EverSource Wealth Advisors LLC raised its holdings 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 valued at $50,000 after acquiring an additional 2,030 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Healthcare Realty Trust during the third quarter valued at about $89,000. GAMMA Investing LLC boosted 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 acquiring an additional 2,238 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Healthcare Realty Trust during the first quarter worth about $152,000.

Insider Activity at Healthcare Realty Trust

In related news, Director John Knox Singleton purchased 6,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the transaction, the director now directly owns 57,082 shares in the company, valued at $1,041,175.68. This represents a 12.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas N. Bohjalian acquired 7,750 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were 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 of the company’s stock, valued at $869,534.78. This trade represents a 18.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 14,478 shares of company stock valued at $257,332. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on HR. Scotiabank boosted their price target 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. Wedbush boosted their target price 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, Wells Fargo & Company reaffirmed an “underweight” rating and set a $17.00 target price (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and an average price target of $17.17.

Healthcare Realty Trust Stock Performance

Shares of HR opened at $18.53 on Wednesday. The stock has a market capitalization of $6.57 billion, a PE ratio of -11.73 and a beta of 0.91. The company’s fifty day moving average is $17.71 and its 200 day moving average is $17.29. 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 Dividend Announcement

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

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.