Strs Ohio Takes Position in Healthcare Realty Trust Incorporated $HR

Key Points

• Strs Ohio purchased 277,764 shares of Healthcare Realty Trust for approximately $4.7 million in the first quarter, representing around 0.08% ownership of the company.
• Insider activity included Director Thomas N. Bohjalian buying 10,000 shares at $16.46 each, increasing their position by 15.26%, while EVP Julie F. Wilson sold 15,000 shares at $18.00 each.
• Healthcare Realty Trust experienced a recent dividend cut, with shareholders receiving a quarterly dividend of $0.24, giving it a yield of 5.2% amid negative returns and revenue reports.

Strs Ohio acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 277,764 shares of the real estate investment trust's stock, valued at approximately $4,694,000. Strs Ohio owned about 0.08% of Healthcare Realty Trust at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Starboard Value LP bought a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at approximately $342,110,000. Massachusetts Financial Services Co. MA purchased a new position in Healthcare Realty Trust during the 1st quarter valued at $100,817,000. Charles Schwab Investment Management Inc. boosted its holdings in Healthcare Realty Trust by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,470,199 shares of the real estate investment trust's stock valued at $92,446,000 after acquiring an additional 139,019 shares during the period. Northern Trust Corp boosted its holdings in Healthcare Realty Trust by 1.0% during the 1st quarter. Northern Trust Corp now owns 4,080,435 shares of the real estate investment trust's stock valued at $68,959,000 after acquiring an additional 39,466 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Healthcare Realty Trust by 2.5% during the 1st quarter. Russell Investments Group Ltd. now owns 2,841,636 shares of the real estate investment trust's stock valued at $48,023,000 after acquiring an additional 69,114 shares during the period.

Wall Street Analyst Weigh In

HR has been the subject of a number of recent analyst reports. Scotiabank upgraded Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $18.00 to $20.00 in a report on Friday, September 5th. Wells Fargo & Company boosted their price objective on Healthcare Realty Trust from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Wednesday, August 27th. BTIG Research restated a "buy" rating and set a $20.00 price objective on shares of Healthcare Realty Trust in a report on Wednesday, September 10th. Raymond James Financial cut Healthcare Realty Trust from a "market perform" rating to an "underperform" rating in a report on Monday. Finally, Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $17.67.

Healthcare Realty Trust Trading Up 0.7%

Shares of HR traded up $0.13 during trading hours on Wednesday, hitting $17.92. The company had a trading volume of 3,551,573 shares, compared to its average volume of 3,239,739. The company's fifty day moving average price is $16.82 and its two-hundred day moving average price is $16.01. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.82. The company has a market capitalization of $6.30 billion, a PE ratio of -15.58 and a beta of 0.94.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its 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 analyst estimates of $290.83 million. During the same period in the prior year, the company posted $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 firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, August 14th. Healthcare Realty Trust's dividend payout ratio is currently -83.48%.

Insider Activity

In other news, EVP Julie F. Wilson sold 15,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $270,000.00. Following the transaction, the executive vice president directly owned 113,419 shares of the company's stock, valued at approximately $2,041,542. This represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Bohjalian acquired 10,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average cost of $16.46 per share, for a total transaction of $164,600.00. Following the completion of the acquisition, the director directly owned 75,520 shares of the company's stock, valued at approximately $1,243,059.20. This trade represents a 15.26% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.37% of the company's stock.

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.