Nordea Investment Management AB Cuts Position in Healthcare Realty Trust Incorporated $HR

Nordea Investment Management AB reduced its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,548,108 shares of the real estate investment trust’s stock after selling 167,031 shares during the quarter. Nordea Investment Management AB owned 0.72% of Healthcare Realty Trust worth $45,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Healthcare Realty Trust in the 2nd quarter worth approximately $45,000. MTM Investment Management LLC acquired a new stake in Healthcare Realty Trust in the second quarter valued at $53,000. Ameritas Advisory Services LLC purchased a new position in shares of Healthcare Realty Trust in the second quarter valued at $60,000. GAMMA Investing LLC raised its stake in shares of Healthcare Realty Trust by 40.0% during the 3rd quarter. GAMMA Investing LLC now owns 7,942 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 2,270 shares during the last quarter. Finally, Solstein Capital LLC purchased a new stake in shares of Healthcare Realty Trust in the 2nd quarter worth about $135,000.

Healthcare Realty Trust Stock Performance

Shares of HR opened at $17.27 on Thursday. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week high of $18.97. The company has a market capitalization of $6.07 billion, a PE ratio of -16.29 and a beta of 0.96. The stock has a fifty day moving average of $17.47 and a two-hundred day moving average of $17.32.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.32% and a negative net margin of 30.51%.The business had revenue of $297.77 million during the quarter, compared to the consensus estimate of $291.10 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. As a group, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Tuesday, November 11th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Monday, November 10th. Healthcare Realty Trust’s dividend payout ratio is presently -90.57%.

Analysts Set New Price Targets

Several equities analysts have weighed in on HR shares. Citigroup raised their target price on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Cantor Fitzgerald initiated coverage on Healthcare Realty Trust in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $23.00 target price on the stock. BTIG Research reiterated a “buy” rating and set a $20.00 target price on shares of Healthcare Realty Trust in a report on Monday, September 29th. Finally, Wells Fargo & Company boosted their price target on Healthcare Realty Trust from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.13.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.