Vanguard Group Inc. Has $848.91 Million Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Vanguard Group Inc. decreased its position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,083,002 shares of the real estate investment trust's stock after selling 1,549,236 shares during the quarter. Vanguard Group Inc. owned approximately 14.13% of Healthcare Realty Trust worth $848,907,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HR. Blue Trust Inc. grew its stake in Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 925 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Healthcare Realty Trust by 59.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 612 shares during the last quarter. Synergy Investment Management LLC bought a new position in shares of Healthcare Realty Trust in the fourth quarter worth about $36,000. Jones Financial Companies Lllp lifted its position in shares of Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Healthcare Realty Trust during the 3rd quarter valued at approximately $65,000.

Wall Street Analyst Weigh In

Several brokerages have commented on HR. Jefferies Financial Group downgraded Healthcare Realty Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. Scotiabank dropped their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. StockNews.com downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. 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, JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 target price for the company. in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Healthcare Realty Trust has an average rating of "Hold" and a consensus target price of $17.00.

Remove Ads

Healthcare Realty Trust Stock Down 1.2 %

HR traded down $0.21 during trading on Thursday, reaching $16.65. 2,784,882 shares of the company's stock were exchanged, compared to its average volume of 3,266,514. The company has a market capitalization of $5.84 billion, a P/E ratio of -9.35 and a beta of 0.97. The business has a 50 day moving average price of $16.67 and a 200 day moving average price of $17.18. Healthcare Realty Trust Incorporated has a fifty-two week low of $13.64 and a fifty-two week high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $309.77 million for the quarter, compared to analyst estimates 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 firm's revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. As a group, research analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 7.45%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -69.66%.

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.