Bank of New York Mellon Corp Decreases Stock Position in Healthcare Realty Trust Incorporated $HR

Bank of New York Mellon Corp cut its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,696,949 shares of the real estate investment trust’s stock after selling 454,955 shares during the quarter. Bank of New York Mellon Corp owned about 1.05% of Healthcare Realty Trust worth $62,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HR. PGGM Investments purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at about $113,389,000. Invesco Ltd. raised its stake in Healthcare Realty Trust by 233.8% in the third quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock valued at $138,845,000 after buying an additional 5,393,651 shares during the last quarter. Norges Bank purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at about $62,154,000. Jupiter Asset Management Ltd. purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at about $31,810,000. Finally, Russell Investments Group Ltd. raised its stake in Healthcare Realty Trust by 68.7% in the third quarter. Russell Investments Group Ltd. now owns 4,392,815 shares of the real estate investment trust’s stock valued at $79,201,000 after buying an additional 1,789,111 shares during the last quarter.

Wall Street Analyst Weigh In

HR has been the subject of a number of research analyst reports. Cantor Fitzgerald increased their price target on Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Scotiabank raised their price objective on Healthcare Realty Trust from $20.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Royal Bank Of Canada raised their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. UBS Group raised their price objective on Healthcare Realty Trust from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company raised their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.50.

Healthcare Realty Trust Stock Up 4.4%

Healthcare Realty Trust stock opened at $20.40 on Wednesday. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of -35.18 and a beta of 0.98. Healthcare Realty Trust Incorporated has a 52 week low of $14.46 and a 52 week high of $20.61. The business’s 50-day moving average price is $19.04 and its 200 day moving average price is $18.04.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $275.28 million for the quarter, compared to analyst estimates of $283.01 million. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.Healthcare Realty Trust’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. Equities analysts expect that Healthcare Realty Trust Incorporated will post 1.61 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, May 11th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -165.52%.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.