Point72 Asia Singapore Pte. Ltd. Purchases 36,666 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Point72 Asia Singapore Pte. Ltd. increased its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 222.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,130 shares of the real estate investment trust’s stock after buying an additional 36,666 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Healthcare Realty Trust were worth $964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Pzena Investment Management LLC bought a new stake in Healthcare Realty Trust in the third quarter valued at approximately $40,392,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Healthcare Realty Trust by 358.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,142,110 shares of the real estate investment trust’s stock valued at $38,879,000 after purchasing an additional 1,674,583 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Healthcare Realty Trust in the second quarter valued at approximately $10,304,000. Candriam S.C.A. bought a new stake in Healthcare Realty Trust in the second quarter valued at approximately $8,911,000. Finally, Millennium Management LLC lifted its position in Healthcare Realty Trust by 1,003.2% in the second quarter. Millennium Management LLC now owns 435,977 shares of the real estate investment trust’s stock valued at $7,185,000 after purchasing an additional 396,456 shares during the last quarter.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian purchased 7,750 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, November 22nd. The shares were bought 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 approximately $869,534.78. This trade represents a 18.34 % 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. Also, Director John Knox Singleton purchased 6,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares of the company’s stock, valued at $1,041,175.68. This trade represents a 12.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.56% of the stock is owned by insiders.

Analyst Ratings Changes

HR has been the subject of several recent research reports. Scotiabank boosted their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Wedbush boosted their price objective on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued 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 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. Based on data from MarketBeat.com, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus target price of $17.17.

Healthcare Realty Trust Stock Performance

HR opened at $18.32 on Monday. 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 $6.49 billion, a PE ratio of -11.59 and a beta of 0.91. The stock’s 50 day moving average price is $17.75 and its 200-day moving average price is $17.35.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.24 annualized dividend and a yield of 6.77%. Healthcare Realty Trust’s payout ratio is -78.48%.

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.