GSI Capital Advisors LLC Acquires Shares of 163,952 Healthcare Realty Trust Incorporated (NYSE:HR)

GSI Capital Advisors LLC bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR) during the first quarter, according to its most recent filing with the SEC. The firm bought 163,952 shares of the real estate investment trust’s stock, valued at approximately $3,169,000. Healthcare Realty Trust makes up 2.0% of GSI Capital Advisors LLC’s investment portfolio, making the stock its 23rd largest holding.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Healthcare Realty Trust by 146.6% during the third quarter. State Street Corp now owns 22,060,235 shares of the real estate investment trust’s stock valued at $459,956,000 after buying an additional 13,113,673 shares during the last quarter. Invesco Ltd. boosted its stake in Healthcare Realty Trust by 479.6% during the 1st quarter. Invesco Ltd. now owns 5,767,849 shares of the real estate investment trust’s stock valued at $158,500,000 after purchasing an additional 4,772,676 shares during the last quarter. Norges Bank purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $71,155,000. Daiwa Securities Group Inc. lifted its holdings in shares of Healthcare Realty Trust by 17.3% in the first quarter. Daiwa Securities Group Inc. now owns 13,545,741 shares of the real estate investment trust’s stock valued at $261,839,000 after purchasing an additional 1,995,757 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Healthcare Realty Trust by 165.6% during the first quarter. Renaissance Technologies LLC now owns 1,547,600 shares of the real estate investment trust’s stock worth $42,528,000 after buying an additional 965,000 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on HR shares. StockNews.com raised shares of Healthcare Realty Trust to a “sell” rating in a report on Wednesday. Citigroup reduced their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, August 22nd. Finally, Barclays cut their target price on Healthcare Realty Trust from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.75.

Insiders Place Their Bets

In other news, Director John Knox Singleton purchased 31,500 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was bought at an average price of $17.11 per share, for a total transaction of $538,965.00. Following the purchase, the director now owns 50,582 shares of the company’s stock, valued at $865,458.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.49% of the company’s stock.

Healthcare Realty Trust Stock Performance

HR traded up $0.09 during midday trading on Friday, reaching $17.61. The company had a trading volume of 3,855,631 shares, compared to its average volume of 2,613,863. Healthcare Realty Trust Incorporated has a 12-month low of $16.50 and a 12-month high of $25.28. The business has a 50-day moving average price of $18.50 and a two-hundred day moving average price of $19.08. The stock has a market cap of $6.71 billion, a PE ratio of -38.28 and a beta of 0.77.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.04%. The ex-dividend date was Monday, August 14th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -269.57%.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of June 30, 2023, the Company was invested in over 700 real estate properties totaling more than 40 million square feet and provided leasing and property management services to over 35 million square feet nationwide.