Caxton Associates LLP Takes $1.88 Million Position in Healthcare Realty Trust Incorporated $HR

Key Points

• Caxton Associates LLP acquired 111,094 shares of Healthcare Realty Trust worth approximately $1,877,000, marking its first investment in this real estate investment trust (REIT) during the first quarter.
• Analyst ratings have varied, with Wells Fargo setting a price target at $16.00 while Scotiabank upgraded the stock's rating to "sector outperform" with a target of $20.00, indicating mixed sentiments in the market.
• Healthcare Realty Trust recently announced a quarterly dividend of $0.24 per share, resulting in an annualized yield of 5.3%, although the company’s dividend payout ratio is marked as negative.

Caxton Associates LLP purchased a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 111,094 shares of the real estate investment trust's stock, valued at approximately $1,877,000.

Several other hedge funds have also made changes to their positions in the stock. Kestra Investment Management LLC bought a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $102,000. Presima Securities ULC lifted its holdings in shares of Healthcare Realty Trust by 1.8% in the 1st quarter. Presima Securities ULC now owns 122,203 shares of the real estate investment trust's stock worth $2,065,000 after purchasing an additional 2,105 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $205,000. Sessa Capital IM L.P. bought a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $932,000. Finally, Nissay Asset Management Corp Japan ADV raised its stake in Healthcare Realty Trust by 2.4% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 52,368 shares of the real estate investment trust's stock valued at $885,000 after acquiring an additional 1,251 shares in the last quarter.

Healthcare Realty Trust Stock Performance

Shares of HR stock traded up $0.05 during mid-day trading on Friday, hitting $18.36. 3,511,718 shares of the stock traded hands, compared to its average volume of 3,721,677. Healthcare Realty Trust Incorporated has a twelve month low of $14.09 and a twelve month high of $18.90. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of -15.96 and a beta of 0.94. The company's 50-day simple moving average is $16.74 and its 200-day simple moving average is $15.99.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.The company had revenue of $287.07 million for the quarter, compared to analysts' expectations of $290.83 million. During the same period last year, the firm earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. Analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Thursday, August 14th. Healthcare Realty Trust's payout ratio is presently -83.48%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BTIG Research reaffirmed a "buy" rating and set a $20.00 target price on shares of Healthcare Realty Trust in a research note on Wednesday. Scotiabank raised Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the company from $18.00 to $20.00 in a research note on Friday, September 5th. JPMorgan Chase & Co. cut their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Wells Fargo & Company lifted their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Wednesday, August 27th. Finally, Wall Street Zen downgraded Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Healthcare Realty Trust has a consensus rating of "Hold" and a consensus price target of $17.67.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $16.46 per share, for a total transaction of $164,600.00. Following the acquisition, the director directly owned 75,520 shares of the company's stock, valued at $1,243,059.20. The trade was a 15.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust stock in a transaction on Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $270,000.00. Following the completion of the transaction, the executive vice president owned 113,419 shares in the company, valued at $2,041,542. The trade was a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.37% of the company's stock.

Healthcare Realty Trust Company Profile

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.