Allianz Asset Management GmbH Raises Holdings in Healthcare Realty Trust Incorporated $HR

Allianz Asset Management GmbH grew its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 89.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 386,628 shares of the real estate investment trust’s stock after purchasing an additional 183,015 shares during the period. Allianz Asset Management GmbH owned approximately 0.11% of Healthcare Realty Trust worth $6,132,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in Healthcare Realty Trust during the first quarter worth $100,817,000. Charles Schwab Investment Management Inc. lifted its stake in Healthcare Realty Trust by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,470,199 shares of the real estate investment trust’s stock worth $92,446,000 after purchasing an additional 139,019 shares in the last quarter. Northern Trust Corp lifted its stake in Healthcare Realty Trust by 1.0% during the first quarter. Northern Trust Corp now owns 4,080,435 shares of the real estate investment trust’s stock worth $68,959,000 after purchasing an additional 39,466 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Healthcare Realty Trust by 2.5% during the first quarter. Russell Investments Group Ltd. now owns 2,841,636 shares of the real estate investment trust’s stock worth $48,023,000 after purchasing an additional 69,114 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Healthcare Realty Trust by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,209,940 shares of the real estate investment trust’s stock worth $37,348,000 after purchasing an additional 103,277 shares in the last quarter.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $18.55 on Thursday. The stock’s 50-day moving average is $17.75 and its two-hundred day moving average is $16.27. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of -16.13 and a beta of 0.96. Healthcare Realty Trust Incorporated has a 1 year low of $14.09 and a 1 year high of $18.97.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.The company had revenue of $287.07 million for the quarter, compared to analyst estimates of $290.83 million. During the same quarter last year, the company posted $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Thursday, August 14th. Healthcare Realty Trust’s payout ratio is currently -83.48%.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian purchased 10,000 shares of Healthcare Realty Trust stock in a transaction dated Wednesday, August 13th. The stock was bought at an average cost of $16.46 per share, for a total transaction of $164,600.00. Following the transaction, the director owned 75,520 shares in the company, valued at approximately $1,243,059.20. The trade was a 15.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the sale, the executive vice president owned 113,419 shares of the company’s stock, valued at approximately $2,041,542. The trade was a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HR has been the topic of a number of research reports. Scotiabank upgraded Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $18.00 to $20.00 in a research note on Friday, September 5th. Cantor Fitzgerald began coverage on Healthcare Realty Trust in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $23.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, June 26th. Royal Bank Of Canada began coverage on Healthcare Realty Trust in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $19.00 price objective on the stock. Finally, Raymond James Financial cut Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.75.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.