JPMorgan Chase & Co. Sells 1,562,303 Shares of Healthcare Realty Trust Incorporated $HR

JPMorgan Chase & Co. lessened its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 23.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 5,232,512 shares of the real estate investment trust’s stock after selling 1,562,303 shares during the quarter. JPMorgan Chase & Co.’s holdings in Healthcare Realty Trust were worth $94,342,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HR. Rush Island Management LP increased its holdings in shares of Healthcare Realty Trust by 13.8% in the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock valued at $226,166,000 after purchasing an additional 1,728,491 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Healthcare Realty Trust by 15.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,859,453 shares of the real estate investment trust’s stock worth $108,791,000 after buying an additional 893,938 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Healthcare Realty Trust by 1.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,562,311 shares of the real estate investment trust’s stock valued at $88,218,000 after buying an additional 92,112 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Healthcare Realty Trust by 8.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,018,021 shares of the real estate investment trust’s stock valued at $90,475,000 after buying an additional 404,855 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Healthcare Realty Trust by 34.9% during the second quarter. Prudential Financial Inc. now owns 4,246,398 shares of the real estate investment trust’s stock worth $74,252,000 after acquiring an additional 1,099,467 shares during the last quarter.

Wall Street Analyst Weigh In

HR has been the topic of several recent research reports. Cantor Fitzgerald raised their price target on Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Wells Fargo & Company raised their target price on shares of Healthcare Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Citigroup lifted their price target on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Healthcare Realty Trust in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus price target of $18.88.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock opened at $18.50 on Tuesday. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of -26.05 and a beta of 0.97. The company’s 50 day simple moving average is $17.16 and its 200 day simple moving average is $17.55. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week high of $18.97.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Thursday, February 12th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.36). The firm had revenue of $282.69 million during the quarter, compared to the consensus estimate of $284.37 million. Healthcare Realty Trust had a negative net margin of 20.84% and a negative return on equity of 5.07%. The firm’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. Healthcare Realty Trust has set its FY 2026 guidance at 1.580-1.640 EPS. As a group, analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Tuesday, February 24th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, February 24th. This represents a $0.96 annualized dividend and a yield of 5.2%. Healthcare Realty Trust’s payout ratio is currently -135.21%.

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.