Lecap Asset Management Ltd. grew its position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 78.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,241 shares of the real estate investment trust's stock after purchasing an additional 39,217 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Healthcare Realty Trust were worth $1,620,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in HR. Allspring Global Investments Holdings LLC boosted its stake in shares of Healthcare Realty Trust by 38.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 628 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Healthcare Realty Trust by 260.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 2,030 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Healthcare Realty Trust by 67.2% in the second quarter. GAMMA Investing LLC now owns 5,569 shares of the real estate investment trust's stock valued at $92,000 after purchasing an additional 2,238 shares during the last quarter. Graypoint LLC purchased a new position in Healthcare Realty Trust during the first quarter worth approximately $147,000. Finally, Virtu Financial LLC acquired a new position in Healthcare Realty Trust during the first quarter worth $152,000.
Insider Activity at Healthcare Realty Trust
In related news, Director John Knox Singleton purchased 6,500 shares of the business's stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the acquisition, the director now directly owns 57,082 shares in the company, valued at $1,041,175.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director John Knox Singleton purchased 6,500 shares of the stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the acquisition, the director now directly owns 57,082 shares of the company's stock, valued at approximately $1,041,175.68. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas N. Bohjalian acquired 9,000 shares of Healthcare Realty Trust stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the acquisition, the director now directly owns 22,252 shares in the company, valued at approximately $386,962.28. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 15,728 shares of company stock worth $279,069. Company insiders own 0.56% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on HR. Scotiabank raised their target price on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 7th. Wedbush boosted their target price on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, August 5th. Finally, Wells Fargo & Company reiterated an "underweight" rating and issued a $17.00 price objective (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.14.
Check Out Our Latest Stock Analysis on Healthcare Realty Trust
Healthcare Realty Trust Trading Down 0.7 %
Healthcare Realty Trust stock traded down $0.13 during midday trading on Thursday, reaching $18.11. 1,875,143 shares of the stock traded hands, compared to its average volume of 3,450,700. The firm has a market cap of $6.86 billion, a PE ratio of -13.74 and a beta of 0.91. The company has a 50-day simple moving average of $17.85 and a two-hundred day simple moving average of $16.75. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $18.90.
Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.77). Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The business had revenue of $316.30 million during the quarter, compared to analysts' expectations of $317.90 million. During the same period in the previous year, the business posted $0.39 EPS. The company's revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.55 earnings per share for the current year.
Healthcare Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust's payout ratio is currently -93.23%.
Healthcare Realty Trust Profile
(
Free Report)
Healthcare Realty NYSE: HR is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.
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