70,972 Shares in Healthcare Realty Trust Incorporated $HR Purchased by Oregon Public Employees Retirement Fund

Key Points

• Oregon Public Employees Retirement Fund opened a position in Healthcare Realty Trust, buying 70,972 shares valued at approximately $1.26 million. Other institutional investors also increased or initiated holdings.
• Analyst sentiment is mixed: five analysts rate the stock Buy and seven Hold, producing a consensus Hold rating and an average price target of $21.36.
• Healthcare Realty Trust reported quarterly EPS of -$0.05, missing estimates of $0.41, while revenue of $286.64 million exceeded expectations but fell 3.4% year over year. The company declared a $0.24 quarterly dividend, a 5.0% annualized yield.

Oregon Public Employees Retirement Fund acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 70,972 shares of the real estate investment trust's stock, valued at approximately $1,259,000.

Several other institutional investors and hedge funds have also made changes to their positions in HR. Resolution Capital Ltd grew its holdings in shares of Healthcare Realty Trust by 72.4% during the first quarter. Resolution Capital Ltd now owns 14,034,367 shares of the real estate investment trust's stock valued at $238,444,000 after buying an additional 5,892,501 shares during the last quarter. Renaissance Technologies LLC raised its stake in Healthcare Realty Trust by 100.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,549,172 shares of the real estate investment trust's stock worth $26,320,000 after acquiring an additional 774,500 shares during the last quarter. Sei Investments Co. raised its stake in Healthcare Realty Trust by 20.0% in the 1st quarter. Sei Investments Co. now owns 3,942,866 shares of the real estate investment trust's stock worth $66,989,000 after acquiring an additional 656,968 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Healthcare Realty Trust during the 3rd quarter worth about $10,522,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Healthcare Realty Trust during the 2nd quarter worth about $9,937,000.

Analyst Ratings Changes

HR has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Healthcare Realty Trust in a research note on Wednesday, October 28th. Cantor Fitzgerald raised their price objective on Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. UBS Group reduced their price objective on Healthcare Realty Trust from $21.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, October 13th. Jefferies Financial Group began coverage on Healthcare Realty Trust in a report on Tuesday, September 15th. They set a "hold" rating and a $20.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthcare Realty Trust from a "hold" rating to a "buy" rating and upped their target price for the company from $18.00 to $23.00 in a research report on Tuesday, October 20th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.36.

Insider Activity

In related news, COO Robert Hull sold 21,000 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.11, for a total transaction of $401,310.00. Following the sale, the chief operating officer directly owned 276,338 shares of the company's stock, valued at approximately $5,280,819.18. This represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Healthcare Realty Trust Trading Down 0.1%

Shares of HR stock opened at $19.19 on Monday. Healthcare Realty Trust Incorporated has a twelve month low of $16.31 and a twelve month high of $22.04. The stock has a market cap of $6.50 billion, a P/E ratio of -137.06 and a beta of 0.92. The stock has a 50 day moving average of $18.16 and a 200 day moving average of $18.86.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.41 by ($0.46). The company had revenue of $286.64 million during the quarter, compared to analysts' expectations of $275.27 million. Healthcare Realty Trust had a negative return on equity of 1.02% and a negative net margin of 3.96%. The company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. On average, research analysts predict that Healthcare Realty Trust Incorporated will post 1.66 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Tuesday, November 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, November 10th. Healthcare Realty Trust's payout ratio is currently -685.71%.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated is a real estate investment trust that owns, leases, and operates healthcare properties, with a focus on outpatient medical buildings. Its tenants include health systems, physician groups, and other healthcare providers.

The company's activities include leasing and managing medical office space, as well as acquiring and developing properties. Many of its buildings are located near hospitals or other healthcare campuses, supporting providers' outpatient services.

Founded in 1992 and headquartered in Nashville, Tennessee, Healthcare Realty serves healthcare markets across the United States.

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