M&T Bank Corp Lowers Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

M&T Bank Corp cut its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,603 shares of the real estate investment trust’s stock after selling 3,586 shares during the quarter. M&T Bank Corp’s holdings in Healthcare Realty Trust were worth $755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in HR. Dimensional Fund Advisors LP grew its stake in shares of Healthcare Realty Trust by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,856,286 shares of the real estate investment trust’s stock valued at $96,513,000 after buying an additional 395,243 shares during the period. Thrivent Financial for Lutherans grew its position in 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 valued at $78,843,000 after acquiring an additional 301,747 shares during the period. Bank of New York Mellon Corp increased its stake in Healthcare Realty Trust by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 4,492,116 shares of the real estate investment trust’s stock worth $74,030,000 after acquiring an additional 216,662 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Healthcare Realty Trust by 4.6% in the 2nd quarter. Sei Investments Co. now owns 2,367,735 shares of the real estate investment trust’s stock worth $39,020,000 after purchasing an additional 103,259 shares during the period. Finally, Pzena Investment Management LLC acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at about $40,392,000.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $17.21 per share, for a total transaction of $172,100.00. Following the purchase, the director now directly owns 26,576 shares in the company, valued at $457,372.96. This trade represents a 60.33 % 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 Thomas N. Bohjalian acquired 7,750 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average price 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 $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. Corporate insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Stock Performance

HR stock opened at $17.34 on Tuesday. The firm has a market cap of $6.15 billion, a P/E ratio of -10.97 and a beta of 0.93. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90. The stock has a 50-day simple moving average of $17.73 and a 200-day simple moving average of $17.52.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.15%. Healthcare Realty Trust’s dividend payout ratio is currently -78.48%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reissued an “underweight” rating and set a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One equities 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 company. According to MarketBeat.com, Healthcare Realty Trust has an average rating of “Hold” and an average target price of $17.17.

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.