Strs Ohio Makes New $4.69 Million Investment 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 bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 277,764 shares of the real estate investment trust's stock, valued at approximately $4,694,000. Strs Ohio owned approximately 0.08% of Healthcare Realty Trust at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Starboard Value LP bought a new stake in Healthcare Realty Trust during the 4th quarter worth approximately $342,110,000. Massachusetts Financial Services Co. MA bought a new stake in Healthcare Realty Trust during the 1st quarter worth approximately $100,817,000. Charles Schwab Investment Management Inc. grew its position 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 worth $92,446,000 after acquiring an additional 139,019 shares during the last quarter. Northern Trust Corp grew its position 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 worth $68,959,000 after acquiring an additional 39,466 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position 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 worth $48,023,000 after acquiring an additional 69,114 shares during the last quarter.

Insider Buying and Selling at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 10,000 shares of Healthcare Realty Trust stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Julie F. Wilson sold 15,000 shares of the firm's 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. This represents a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.37% of the stock is owned by company insiders.

Healthcare Realty Trust Stock Performance

HR traded up $0.03 during mid-day trading on Friday, reaching $18.11. The stock had a trading volume of 5,938,610 shares, compared to its average volume of 3,950,617. The stock has a market capitalization of $6.37 billion, a P/E ratio of -15.75 and a beta of 0.94. The firm's fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $16.04. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.82.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $287.07 million for the quarter, compared to analyst estimates of $290.83 million. During the same period last year, the company earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Thursday, August 14th. Healthcare Realty Trust's dividend payout ratio (DPR) is currently -83.48%.

Analyst Ratings Changes

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

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.