Forsta AP Fonden boosted its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 157.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,400 shares of the real estate investment trust’s stock after buying an additional 25,300 shares during the period. Forsta AP Fonden’s holdings in Healthcare Realty Trust were worth $1,414,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. raised its position in shares of Healthcare Realty Trust by 38.5% in the first quarter. Daiwa Securities Group Inc. now owns 9,000 shares of the real estate investment trust’s stock valued at $293,000 after buying an additional 2,500 shares in the last quarter. State Treasurer State of Michigan raised its position in shares of Healthcare Realty Trust by 1.3% in the first quarter. State Treasurer State of Michigan now owns 47,300 shares of the real estate investment trust’s stock valued at $1,537,000 after buying an additional 600 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Healthcare Realty Trust by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 124,643 shares of the real estate investment trust’s stock valued at $4,049,000 after buying an additional 3,497 shares in the last quarter. Channing Capital Management LLC raised its position in shares of Healthcare Realty Trust by 24.9% in the first quarter. Channing Capital Management LLC now owns 1,872,903 shares of the real estate investment trust’s stock valued at $60,869,000 after buying an additional 373,681 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Healthcare Realty Trust by 5.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,530 shares of the real estate investment trust’s stock valued at $602,000 after buying an additional 1,011 shares in the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.
Shares of Healthcare Realty Trust Incorporated (NYSE HR) opened at 32.83 on Monday. The stock’s 50 day moving average price is $34.13 and its 200-day moving average price is $32.58. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 31.57 and a beta of 0.29. Healthcare Realty Trust Incorporated has a 52 week low of $26.66 and a 52 week high of $36.60.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $105.20 million during the quarter, compared to analyst estimates of $105.67 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. Healthcare Realty Trust’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. Equities analysts anticipate that Healthcare Realty Trust Incorporated will post $0.65 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.66%. Healthcare Realty Trust’s payout ratio is currently 114.29%.
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Several equities analysts have issued reports on HR shares. Zacks Investment Research lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Jefferies Group LLC lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a research note on Thursday, June 15th. They noted that the move was a valuation call. Stifel Nicolaus cut their target price on Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Tuesday, May 9th. Mizuho reiterated a “neutral” rating on shares of Healthcare Realty Trust in a research note on Wednesday, June 28th. Finally, BidaskClub lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $34.80.
In other news, insider John M. Bryant, Jr. sold 20,385 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $32.27, for a total value of $657,823.95. Following the transaction, the insider now owns 162,241 shares in the company, valued at approximately $5,235,517.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John M. Bryant, Jr. sold 7,000 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $33.51, for a total value of $234,570.00. Following the completion of the transaction, the insider now owns 142,256 shares in the company, valued at approximately $4,766,998.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,129 shares of company stock worth $948,987. Company insiders own 1.85% of the company’s stock.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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