ING Groep NV boosted its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 69.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,693 shares of the real estate investment trust’s stock after buying an additional 14,167 shares during the period. ING Groep NV’s holdings in Healthcare Realty Trust were worth $1,185,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HR. BlackRock Inc. raised its stake in shares of Healthcare Realty Trust by 6,758.3% in the first quarter. BlackRock Inc. now owns 14,975,042 shares of the real estate investment trust’s stock worth $486,689,000 after buying an additional 14,756,694 shares during the period. Morgan Stanley raised its stake in shares of Healthcare Realty Trust by 52.5% in the first quarter. Morgan Stanley now owns 5,297,551 shares of the real estate investment trust’s stock worth $172,171,000 after buying an additional 1,822,804 shares during the period. Lazard Asset Management LLC acquired a new stake in Healthcare Realty Trust during the first quarter valued at $19,801,000. Russell Investments Group Ltd. raised its stake in Healthcare Realty Trust by 100.8% in the second quarter. Russell Investments Group Ltd. now owns 1,041,967 shares of the real estate investment trust’s stock valued at $35,559,000 after buying an additional 522,959 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Healthcare Realty Trust during the first quarter valued at $15,959,000. 96.22% of the stock is currently owned by institutional investors and hedge funds.
Healthcare Realty Trust Incorporated (HR) opened at 32.40 on Friday. The stock has a 50 day moving average price of $33.01 and a 200-day moving average price of $32.73. Healthcare Realty Trust Incorporated has a one year low of $26.66 and a one year high of $36.38. The firm has a market cap of $3.78 billion, a P/E ratio of 31.15 and a beta of 0.29.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate 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%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. Analysts predict that Healthcare Realty Trust Incorporated will post $0.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 11th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, August 9th. This represents a $1.20 annualized dividend and a dividend yield of 3.70%. Healthcare Realty Trust’s payout ratio is 114.29%.
HR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Mizuho restated a “neutral” rating on shares of Healthcare Realty Trust in a research report on Wednesday, June 28th. Jefferies Group LLC lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Thursday, June 15th. They noted that the move was a valuation call. Stifel Nicolaus reduced their price objective on shares of Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, May 9th. Finally, BidaskClub downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Healthcare Realty Trust has a consensus rating of “Hold” and a consensus target price of $34.50.
In related news, insider John M. Bryant, Jr. sold 7,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $33.51, for a total transaction of $234,570.00. Following the sale, the insider now owns 142,256 shares in the company, valued at approximately $4,766,998.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Knox Singleton bought 3,450 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average price of $31.88 per share, for a total transaction of $109,986.00. Following the transaction, the director now owns 17,693 shares in the company, valued at $564,052.84. The disclosure for this purchase can be found here. Corporate insiders own 1.85% of the company’s stock.
Healthcare Realty Trust Company Profile
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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