Y Intercept Hong Kong Ltd Acquires New Shares in Healthcare Realty Trust Incorporated (NYSE:HR)

Y Intercept Hong Kong Ltd acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,217 shares of the real estate investment trust’s stock, valued at approximately $325,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Healthcare Realty Trust in the first quarter valued at about $26,000. Lazard Asset Management LLC bought a new stake in Healthcare Realty Trust in the fourth quarter valued at about $45,000. Financial Gravity Asset Management Inc. acquired a new position in Healthcare Realty Trust in the first quarter valued at about $48,000. UMB Bank n.a. grew its stake in Healthcare Realty Trust by 73.3% in the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,279 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in Healthcare Realty Trust by 16.4% in the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 695 shares during the period.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $14.71 per share, with a total value of $36,775.00. Following the completion of the transaction, the director directly owned 56,502 shares of the company’s stock, valued at approximately $831,144.42. This represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, June 26th. Wedbush decreased their target price on Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Wells Fargo & Company decreased their target price on Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, June 2nd. Finally, Wall Street Zen cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.40.

Healthcare Realty Trust Price Performance

HR stock opened at $15.84 on Wednesday. The stock has a market capitalization of $5.57 billion, a P/E ratio of -14.53 and a beta of 0.89. The business has a 50-day moving average of $15.34 and a 200-day moving average of $15.89. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $288.86 million during the quarter, compared to analysts’ expectations of $297.39 million. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. Healthcare Realty Trust’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. Equities analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were given a dividend of $0.31 per share. The ex-dividend date was Monday, May 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.83%. Healthcare Realty Trust’s dividend payout ratio is currently -113.76%.

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.