Oregon Public Employees Retirement Fund purchased a new stake in Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 70,972 shares of the real estate investment trust’s stock, valued at approximately $1,259,000.
A number of other large investors also recently bought and sold shares of HR. Resolution Capital Ltd boosted its position in Healthcare Realty Trust by 72.4% during the first quarter. Resolution Capital Ltd now owns 14,034,367 shares of the real estate investment trust’s stock worth $238,444,000 after purchasing an additional 5,892,501 shares in the last quarter. Sei Investments Co. grew its holdings in Healthcare Realty Trust by 20.0% in the first quarter. Sei Investments Co. now owns 3,942,866 shares of the real estate investment trust’s stock valued at $66,989,000 after purchasing an additional 656,968 shares during the period. Bank of America Corp DE increased its position in shares of Healthcare Realty Trust by 13.3% in the first quarter. Bank of America Corp DE now owns 2,208,965 shares of the real estate investment trust’s stock valued at $37,530,000 after buying an additional 259,782 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Healthcare Realty Trust by 100.0% in the first quarter. Renaissance Technologies LLC now owns 1,549,172 shares of the real estate investment trust’s stock valued at $26,320,000 after buying an additional 774,500 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Healthcare Realty Trust by 8.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,190,084 shares of the real estate investment trust’s stock valued at $24,004,000 after buying an additional 92,102 shares in the last quarter.
Healthcare Realty Trust Price Performance
Shares of HR stock opened at $19.19 on Monday. Healthcare Realty Trust Incorporated has a 12 month low of $16.31 and a 12 month high of $22.04. The company has a market capitalization of $6.50 billion, a PE ratio of -137.06 and a beta of 0.92. The firm’s 50-day moving average is $18.16 and its two-hundred day moving average is $18.86.
Healthcare Realty Trust (NYSE:HR – Get Free Report) last announced its earnings results on Thursday, October 29th. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.46). The firm had revenue of $286.64 million during the quarter, compared to analysts’ expectations of $275.27 million. Healthcare Realty Trust had a negative net margin of 3.96% and a negative return on equity of 1.02%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. Sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.66 EPS for the current year.
Healthcare Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Tuesday, November 10th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.96 dividend on an annualized basis and a yield of 5.0%. Healthcare Realty Trust’s payout ratio is currently -685.71%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on HR. Jefferies Financial Group initiated coverage on Healthcare Realty Trust in a research report on Tuesday, September 15th. They set a “hold” rating and a $20.00 target price on the stock. Cantor Fitzgerald boosted their price target on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Wells Fargo & Company cut their price target on shares of Healthcare Realty Trust from $20.00 to $18.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Royal Bank Of Canada upped their price objective on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock a “sector perform” rating in a research report on Friday, August 7th. Finally, UBS Group decreased their price objective on shares of Healthcare Realty Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $21.36.
View Our Latest Research Report on Healthcare Realty Trust
Insider Activity at Healthcare Realty Trust
In related news, COO Robert Hull sold 21,000 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.11, for a total transaction of $401,310.00. Following the completion of the transaction, the chief operating officer owned 276,338 shares in the company, valued at approximately $5,280,819.18. The trade was a 7.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.
Healthcare Realty Trust Company Profile
Healthcare Realty Trust Incorporated is a real estate investment trust that owns, leases, and operates healthcare properties, with a focus on outpatient medical buildings. Its tenants include health systems, physician groups, and other healthcare providers.
The company’s activities include leasing and managing medical office space, as well as acquiring and developing properties. Many of its buildings are located near hospitals or other healthcare campuses, supporting providers’ outpatient services.
Founded in 1992 and headquartered in Nashville, Tennessee, Healthcare Realty serves healthcare markets across the United States.
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