Legal & General Group Plc Sells 52,922 Shares of Healthcare Realty Trust Incorporated $HR

Legal & General Group Plc decreased its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 1.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,244,543 shares of the real estate investment trust’s stock after selling 52,922 shares during the period. Legal & General Group Plc’s holdings in Healthcare Realty Trust were worth $51,458,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HR. SVB Wealth LLC acquired a new stake in Healthcare Realty Trust in the 1st quarter valued at $35,000. Anchor Investment Management LLC bought a new position in shares of Healthcare Realty Trust in the first quarter valued at $38,000. Financial Gravity Companies Inc. bought a new position in shares of Healthcare Realty Trust in the second quarter valued at $45,000. Avalon Trust Co acquired a new position in shares of Healthcare Realty Trust during the first quarter valued at about $53,000. Finally, MTM Investment Management LLC bought a new stake in shares of Healthcare Realty Trust during the second quarter worth about $53,000.

Healthcare Realty Trust Stock Up 0.5%

HR stock opened at $18.05 on Wednesday. The firm has a market cap of $6.35 billion, a PE ratio of -15.70 and a beta of 0.95. The business has a 50 day moving average of $18.05 and a 200-day moving average of $16.71. Healthcare Realty Trust Incorporated has a 12-month low of $14.09 and a 12-month high of $18.97.

Healthcare Realty Trust (NYSE:HR) last issued 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 for the quarter, compared to analyst estimates of $291.10 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.Healthcare Realty Trust’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. On average, research analysts expect that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Tuesday, November 11th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, November 10th. Healthcare Realty Trust’s payout ratio is -90.57%.

Analyst Ratings Changes

Several equities analysts recently weighed in on HR shares. 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. Scotiabank upgraded Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $18.00 to $20.00 in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Healthcare Realty Trust in a research report on Wednesday, November 19th. Royal Bank Of Canada initiated coverage on Healthcare Realty Trust in a report on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 price target for the company. Finally, BTIG Research restated a “buy” rating and set a $20.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, September 29th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.89.

Insiders Place Their Bets

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

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.