Healthcare Realty Trust Incorporated (NYSE:HR) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 5,100,000 shares, a growth of 30.8% from the March 31st total of 3,900,000 shares. Based on an average daily volume of 927,700 shares, the short-interest ratio is presently 5.5 days.
In related news, EVP Robert E. Hull sold 11,447 shares of the stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $31.00, for a total transaction of $354,857.00. Following the sale, the executive vice president now owns 155,287 shares of the company’s stock, valued at $4,813,897. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John M. Bryant, Jr. sold 11,476 shares of the stock in a transaction on Friday, March 12th. The shares were sold at an average price of $30.00, for a total value of $344,280.00. 0.80% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of HR. Marshall Wace North America L.P. bought a new stake in shares of Healthcare Realty Trust during the first quarter valued at approximately $39,000. Great West Life Assurance Co. Can raised its holdings in shares of Healthcare Realty Trust by 0.6% during the third quarter. Great West Life Assurance Co. Can now owns 151,376 shares of the real estate investment trust’s stock valued at $4,558,000 after buying an additional 923 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Healthcare Realty Trust by 31.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 23,084 shares of the real estate investment trust’s stock valued at $695,000 after buying an additional 5,500 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Healthcare Realty Trust by 23.4% during the third quarter. Van ECK Associates Corp now owns 4,075 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 774 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of Healthcare Realty Trust by 447.3% during the third quarter. Sei Investments Co. now owns 572,724 shares of the real estate investment trust’s stock valued at $17,251,000 after buying an additional 468,083 shares during the last quarter. Institutional investors own 96.63% of the company’s stock.
NYSE:HR opened at $32.08 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.30 and a current ratio of 2.30. The stock has a 50-day simple moving average of $31.26 and a 200 day simple moving average of $30.27. Healthcare Realty Trust has a one year low of $26.77 and a one year high of $34.01. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 37.74 and a beta of 0.55.
Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, February 10th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.53). Healthcare Realty Trust had a net margin of 23.27% and a return on equity of 6.08%. The company had revenue of $125.88 million during the quarter, compared to analyst estimates of $126.70 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that Healthcare Realty Trust will post 1.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Shareholders of record on Monday, February 22nd were paid a $0.303 dividend. This is an increase from Healthcare Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.21 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date was Friday, February 19th. Healthcare Realty Trust’s payout ratio is presently 75.63%.
A number of equities analysts have recently commented on HR shares. Jefferies Financial Group upgraded Healthcare Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $33.00 in a report on Wednesday, January 13th. Morgan Stanley raised their price objective on Healthcare Realty Trust from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, March 22nd. Scotiabank assumed coverage on Healthcare Realty Trust in a report on Thursday, January 28th. They set a “sector perform” rating and a $32.00 target price on the stock. Wells Fargo & Company raised their target price on Healthcare Realty Trust from $29.00 to $31.00 and gave the company an “equal weight” rating in a report on Wednesday, March 31st. Finally, Zacks Investment Research downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, April 26th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.56.
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 September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.
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