OVERSEA CHINESE BANKING Corp Ltd Purchases New Position in Healthcare Realty Trust Incorporated $HR

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the third quarter, Holdings Channel.com reports. The firm purchased 123,436 shares of the real estate investment trust’s stock, valued at approximately $2,226,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Gravity Companies Inc. purchased a new position in shares of Healthcare Realty Trust during the second quarter valued at approximately $45,000. MTM Investment Management LLC bought a new position in Healthcare Realty Trust during the 2nd quarter valued at $53,000. Quent Capital LLC bought a new position in Healthcare Realty Trust during the 3rd quarter valued at $54,000. Ameritas Advisory Services LLC purchased a new position in Healthcare Realty Trust during the 2nd quarter worth $60,000. Finally, Solstein Capital LLC bought a new stake in shares of Healthcare Realty Trust in the 2nd quarter worth $135,000.

Healthcare Realty Trust Trading Down 0.7%

HR stock opened at $17.15 on Friday. The company’s 50 day moving average is $17.46 and its 200 day moving average is $17.32. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of -16.17 and a beta of 0.96. Healthcare Realty Trust Incorporated has a 1-year low of $14.09 and a 1-year high of $18.97.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $297.77 million during the quarter, compared to analysts’ expectations of $291.10 million. Healthcare Realty Trust had a negative net margin of 30.51% and a negative return on equity of 7.32%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. As a group, sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Tuesday, November 11th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.96 annualized dividend and a yield of 5.6%. Healthcare Realty Trust’s payout ratio is -90.57%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Healthcare Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Healthcare Realty Trust in a research report on Monday, December 29th. Royal Bank Of Canada began coverage on Healthcare Realty Trust in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 price target for the company. Wall Street Zen raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Citigroup upped their target price on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.13.

Healthcare Realty Trust 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.