Crestline Management LP grew its holdings in Healthcare Realty Trust Inc (NYSE:HR) by 71.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,709 shares of the real estate investment trust’s stock after acquiring an additional 41,653 shares during the period. Crestline Management LP owned 0.08% of Healthcare Realty Trust worth $2,836,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Taylor Frigon Capital Management LLC raised its position in Healthcare Realty Trust by 1.1% in the fourth quarter. Taylor Frigon Capital Management LLC now owns 30,279 shares of the real estate investment trust’s stock worth $861,000 after acquiring an additional 342 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Healthcare Realty Trust by 3.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,706 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 360 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Healthcare Realty Trust by 12.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,370 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 578 shares in the last quarter. Eii Capital Management Inc. increased its stake in shares of Healthcare Realty Trust by 3.7% in the fourth quarter. Eii Capital Management Inc. now owns 18,299 shares of the real estate investment trust’s stock worth $520,000 after purchasing an additional 661 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Healthcare Realty Trust by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 40,452 shares of the real estate investment trust’s stock worth $1,150,000 after purchasing an additional 739 shares in the last quarter. Institutional investors and hedge funds own 96.70% of the company’s stock.
A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. TheStreet raised shares of Healthcare Realty Trust from a “c” rating to a “b-” rating in a research note on Thursday, February 14th. ValuEngine raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating in a research note on Thursday, January 17th. Finally, Raymond James raised shares of Healthcare Realty Trust from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 8th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $29.80.
In related news, EVP Robert E. Hull sold 4,600 shares of the firm’s stock in a transaction on Friday, December 21st. The shares were sold at an average price of $29.67, for a total transaction of $136,482.00. Following the completion of the transaction, the executive vice president now directly owns 102,583 shares of the company’s stock, valued at $3,043,637.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.79% of the company’s stock.
Shares of NYSE HR opened at $32.06 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $3.97 billion, a PE ratio of 20.42, a PEG ratio of 4.82 and a beta of 0.53. Healthcare Realty Trust Inc has a 1 year low of $26.09 and a 1 year high of $32.98.
Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.27). The company had revenue of $113.17 million for the quarter, compared to analysts’ expectations of $114.17 million. Healthcare Realty Trust had a net margin of 15.49% and a return on equity of 3.99%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, research analysts predict that Healthcare Realty Trust Inc will post 1.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, February 21st. This represents a $1.20 annualized dividend and a yield of 3.74%. Healthcare Realty Trust’s payout ratio is 76.43%.
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About Healthcare Realty Trust
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 December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.
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