BlackRock Inc. lifted its position in Healthcare Realty Trust Inc (NYSE:HR) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,081,245 shares of the real estate investment trust’s stock after purchasing an additional 404,750 shares during the quarter. BlackRock Inc. owned about 14.44% of Healthcare Realty Trust worth $529,055,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of HR. Qube Research & Technologies Ltd purchased a new position in shares of Healthcare Realty Trust during the second quarter valued at approximately $112,000. Advisors Asset Management Inc. boosted its position in shares of Healthcare Realty Trust by 725.6% during the second quarter. Advisors Asset Management Inc. now owns 36,259 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 31,867 shares during the period. Westbourne Investment Advisors Inc. purchased a new position in shares of Healthcare Realty Trust during the third quarter valued at approximately $143,000. Bank of Montreal Can purchased a new position in shares of Healthcare Realty Trust during the second quarter valued at approximately $242,000. Finally, Paloma Partners Management Co purchased a new position in shares of Healthcare Realty Trust during the second quarter valued at approximately $293,000. 96.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:HR opened at $31.65 on Friday. Healthcare Realty Trust Inc has a 1 year low of $26.09 and a 1 year high of $33.98. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 4.87 and a beta of 0.26. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.77.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.34). The firm had revenue of $113.46 million during the quarter, compared to analysts’ expectations of $112.45 million. Healthcare Realty Trust had a net margin of 3.66% and a return on equity of 0.92%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 EPS. Analysts anticipate that Healthcare Realty Trust Inc will post 1.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were issued a $0.30 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.79%. Healthcare Realty Trust’s payout ratio is 78.43%.
Several research analysts have issued reports on HR shares. Zacks Investment Research lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Morgan Stanley lowered Healthcare Realty Trust from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $29.00 to $28.00 in a research report on Thursday, August 16th. Mizuho restated a “hold” rating and set a $28.00 target price on shares of Healthcare Realty Trust in a research report on Monday, August 13th. Finally, Raymond James started coverage on Healthcare Realty Trust in a research report on Thursday, October 18th. They set an “underperform” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.43.
In related news, Director Bruce D. Sullivan sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $31.13, for a total value of $93,390.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert E. Hull sold 4,618 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $30.26, for a total value of $139,740.68. Following the completion of the sale, the executive vice president now owns 87,083 shares of the company’s stock, valued at approximately $2,635,131.58. The disclosure for this sale can be found here. Insiders sold 22,964 shares of company stock valued at $693,877 in the last quarter. 1.85% of the stock is owned by company insiders.
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Healthcare Realty Trust Profile
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $5.0 billion.
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