Liberty One Investment Management LLC boosted its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) by 31.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 311,085 shares of the real estate investment trust’s stock after buying an additional 74,097 shares during the period. Liberty One Investment Management LLC’s holdings in Healthcare Realty Trust were worth $5,285,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. PGGM Investments purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $113,389,000. Invesco Ltd. boosted its stake in shares of Healthcare Realty Trust by 233.8% in the third quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after acquiring an additional 5,393,651 shares during the last quarter. Norges Bank purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth approximately $62,154,000. Jupiter Asset Management Ltd. acquired a new position in Healthcare Realty Trust in the 4th quarter valued at $31,810,000. Finally, Rush Island Management LP raised its stake in Healthcare Realty Trust by 13.8% in the 2nd 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 during the last quarter.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. UBS Group raised their price objective on Healthcare Realty Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Citigroup upped their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada increased their target price on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Wells Fargo & Company raised their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Finally, Cantor Fitzgerald boosted their price target on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.67.
Healthcare Realty Trust Trading Down 0.7%
NYSE HR opened at $21.13 on Friday. The stock has a fifty day simple moving average of $20.41 and a 200-day simple moving average of $18.77. The stock has a market cap of $7.32 billion, a PE ratio of -36.43 and a beta of 0.98. Healthcare Realty Trust Incorporated has a twelve month low of $15.28 and a twelve month high of $21.57.
Healthcare Realty Trust (NYSE:HR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. Healthcare Realty Trust had a negative net margin of 17.34% and a negative return on equity of 4.29%. The firm had revenue of $275.28 million for the quarter, compared to analyst estimates of $283.01 million. During the same period in the previous year, the firm earned $0.39 EPS. Healthcare Realty Trust’s revenue was down 7.7% on a year-over-year basis. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. Research analysts predict that Healthcare Realty Trust Incorporated will post 1.63 EPS for the current year.
Healthcare Realty Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 11th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, May 11th. Healthcare Realty Trust’s payout ratio is -165.52%.
Insider Activity
In other news, CAO Amanda L. Callaway sold 25,767 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total value of $524,873.79. Following the transaction, the chief accounting officer directly owned 109,954 shares in the company, valued at approximately $2,239,762.98. This represents a 18.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.
About Healthcare Realty Trust
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.
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