Healthcare Realty Trust Incorporated $HR Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,780,210 shares of the real estate investment trust’s stock after selling 131,707 shares during the period. Geode Capital Management LLC’s holdings in Healthcare Realty Trust were worth $107,550,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. SVB Wealth LLC acquired a new position in Healthcare Realty Trust in the 1st quarter valued at about $35,000. Anchor Investment Management LLC acquired a new position in shares of Healthcare Realty Trust in the first quarter valued at approximately $38,000. Avalon Trust Co purchased a new stake in Healthcare Realty Trust during the 1st quarter worth approximately $53,000. Ameritas Advisory Services LLC acquired a new stake in Healthcare Realty Trust during the 2nd quarter worth approximately $60,000. Finally, Kestra Investment Management LLC purchased a new position in Healthcare Realty Trust in the 1st quarter valued at approximately $102,000.

Insider Activity

In related news, EVP Julie F. Wilson sold 15,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $270,000.00. Following the transaction, the executive vice president directly owned 113,419 shares of the company’s stock, valued at $2,041,542. This trade represents a 11.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HR shares. Citigroup upped their price objective on Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Scotiabank upgraded Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $18.00 to $20.00 in a report on Friday, September 5th. Royal Bank Of Canada began coverage on Healthcare Realty Trust in a research report on Wednesday, October 8th. They issued a “sector perform” rating and a $19.00 price target on the stock. Wall Street Zen raised Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Cantor Fitzgerald initiated coverage on shares of Healthcare Realty Trust in a research note on Wednesday, October 1st. They set an “overweight” rating and a $23.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.78.

Healthcare Realty Trust Stock Performance

HR opened at $17.51 on Friday. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.97. The company has a market cap of $6.16 billion, a P/E ratio of -15.22 and a beta of 0.95. The business’s 50-day simple moving average is $18.06 and its 200-day simple moving average is $16.64.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $297.77 million during the quarter, compared to analysts’ expectations of $291.10 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.The firm’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. As a group, analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Tuesday, November 11th will be issued a $0.24 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.96 annualized dividend and a dividend yield of 5.5%. Healthcare Realty Trust’s dividend payout ratio is presently -90.57%.

Healthcare Realty Trust Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.