Asset Management One Co. Ltd. Sells 2,627 Shares of Healthcare Realty Trust Incorporated $HR

Asset Management One Co. Ltd. lowered its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 511,325 shares of the real estate investment trust’s stock after selling 2,627 shares during the period. Asset Management One Co. Ltd. owned 0.15% of Healthcare Realty Trust worth $8,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $26,000. SVB Wealth LLC purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $35,000. Anchor Investment Management LLC purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $38,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $48,000. Finally, Avalon Trust Co purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $53,000.

Analysts Set New Price Targets

Several analysts recently weighed in on HR shares. 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 research note on Friday, September 5th. BTIG Research reiterated a “buy” rating and set a $20.00 target price on shares of Healthcare Realty Trust in a research note on Monday, September 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Healthcare Realty Trust in a research note on Wednesday, October 8th. Cantor Fitzgerald initiated coverage on 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. Finally, Royal Bank Of Canada initiated coverage on Healthcare Realty Trust in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Healthcare Realty Trust has an average rating of “Hold” and a consensus price target of $18.75.

Healthcare Realty Trust Price Performance

HR stock opened at $18.67 on Tuesday. The company has a market cap of $6.56 billion, a P/E ratio of -16.23 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. The stock’s fifty day moving average price is $17.89 and its 200-day moving average price is $16.35.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $287.07 million for the quarter, compared to the consensus estimate of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.During the same period last year, the business posted $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, analysts expect that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Thursday, August 14th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -83.48%.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average cost of $16.46 per share, for a total transaction of $164,600.00. Following the completion of the transaction, the director owned 75,520 shares of the company’s stock, valued at approximately $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust 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 owned 113,419 shares in the company, valued at $2,041,542. This trade represents a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.

About Healthcare Realty Trust

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.