New York State Common Retirement Fund increased its position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 131.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,679 shares of the real estate investment trust's stock after purchasing an additional 219,848 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of Healthcare Realty Trust worth $6,554,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its position in shares of Healthcare Realty Trust by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust's stock worth $551,000 after buying an additional 1,062 shares during the period. International Assets Investment Management LLC grew its holdings in Healthcare Realty Trust by 559.8% during the 3rd quarter. International Assets Investment Management LLC now owns 123,692 shares of the real estate investment trust's stock worth $22,450,000 after acquiring an additional 104,944 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Healthcare Realty Trust by 33.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,693 shares of the real estate investment trust's stock valued at $267,000 after acquiring an additional 3,715 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Healthcare Realty Trust by 5.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 44,034 shares of the real estate investment trust's stock valued at $799,000 after acquiring an additional 2,446 shares during the last quarter. Finally, abrdn plc lifted its stake in shares of Healthcare Realty Trust by 2.6% in the 3rd quarter. abrdn plc now owns 252,889 shares of the real estate investment trust's stock valued at $4,590,000 after purchasing an additional 6,419 shares during the period.
Insiders Place Their Bets
In other news, COO Robert E. Hull sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.48, for a total transaction of $174,800.00. Following the completion of the transaction, the chief operating officer now directly owns 171,400 shares of the company's stock, valued at $2,996,072. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.56% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on the company. Scotiabank dropped their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group lowered Healthcare Realty Trust from a "buy" rating to a "hold" rating and decreased their target price for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 price target on the stock. in a research report on Friday, December 20th. Wedbush restated an "outperform" rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a report on Thursday, February 20th. Finally, StockNews.com upgraded shares of Healthcare Realty Trust from a "sell" rating to a "hold" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Healthcare Realty Trust has a consensus rating of "Hold" and an average price target of $17.20.
View Our Latest Stock Analysis on HR
Healthcare Realty Trust Trading Up 1.8 %
Shares of NYSE HR traded up $0.30 during mid-day trading on Friday, reaching $17.11. 6,297,769 shares of the company's stock were exchanged, compared to its average volume of 2,497,274. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $18.90. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of -9.61 and a beta of 0.94. The business has a fifty day simple moving average of $16.63 and a 200 day simple moving average of $17.37.
Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $309.77 million for the quarter, compared to the consensus estimate of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business's quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. Equities research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.
Healthcare Realty Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date of this dividend is Monday, March 3rd. Healthcare Realty Trust's payout ratio is presently -69.66%.
Healthcare Realty Trust Company Profile
(
Free Report)
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.
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