75,836 Shares in Healthcare Realty Trust Incorporated $HR Acquired by NEOS Investment Management LLC

Key Points

• NEOS Investment Management acquired 75,836 shares of Healthcare Realty Trust, valued at approximately $2.2 million. Several other institutional investors also increased their positions, including Resolution Capital and Invesco.
• Healthcare Realty Trust reported quarterly revenue of $278.6 million, above expectations, but missed EPS estimates with a loss of $0.13 per share; revenue declined 5.3% year over year.
• The company maintains a quarterly dividend of $0.24 per share, representing a 5.0% annualized yield. Analysts have a consensus “Hold” rating and an average price target of $21.89.

NEOS Investment Management LLC acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 75,836 shares of the real estate investment trust's stock, valued at approximately $2,214,000.

Other large investors also recently added to or reduced their stakes in the company. Cohen & Steers Inc. boosted its position in shares of Healthcare Realty Trust by 1.3% in the fourth quarter. Cohen & Steers Inc. now owns 56,305,460 shares of the real estate investment trust's stock worth $954,424,000 after buying an additional 744,729 shares during the period. Rush Island Management LP raised its position in Healthcare Realty Trust by 13.8% during the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust's stock valued at $226,166,000 after buying an additional 1,728,491 shares during the period. Resolution Capital Ltd raised its position in 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 period. APG Asset Management US Inc. raised its position in Healthcare Realty Trust by 2.5% during the fourth quarter. APG Asset Management US Inc. now owns 12,391,772 shares of the real estate investment trust's stock valued at $210,041,000 after buying an additional 305,099 shares during the period. Finally, Invesco Ltd. lifted its stake in Healthcare Realty Trust by 233.8% in the 3rd quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust's stock worth $138,845,000 after acquiring an additional 5,393,651 shares in the last quarter.

Healthcare Realty Trust Trading Up 0.1%

Shares of NYSE:HR opened at $19.13 on Tuesday. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of -73.58 and a beta of 0.95. Healthcare Realty Trust Incorporated has a 1 year low of $16.31 and a 1 year high of $22.04. The business has a fifty day simple moving average of $20.20 and a 200 day simple moving average of $19.39.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.53). Healthcare Realty Trust had a negative net margin of 7.59% and a negative return on equity of 1.91%. The firm had revenue of $278.58 million during the quarter, compared to analysts' expectations of $271.60 million. During the same quarter last year, the firm earned $0.41 EPS. The business's revenue for the quarter was down 5.3% compared to the same quarter last year. Healthcare Realty Trust has set its FY 2026 guidance at 1.620-1.660 EPS. On average, sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.65 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Tuesday, August 11th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.96 annualized dividend and a dividend yield of 5.0%. Healthcare Realty Trust's payout ratio is presently -369.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price objective on Healthcare Realty Trust from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 1st. JPMorgan Chase & Co. upped their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Weiss Ratings raised shares of Healthcare Realty Trust from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 30th. Cantor Fitzgerald raised their price target on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Raymond James Financial began coverage on shares of Healthcare Realty Trust in a research report on Tuesday, June 16th. They set an "outperform" rating and a $24.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $21.89.

Insider Activity at Healthcare Realty Trust

In related news, CAO Amanda L. Callaway sold 25,767 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $20.37, for a total value of $524,873.79. Following the transaction, the chief accounting officer owned 109,954 shares in the company, valued at approximately $2,239,762.98. This represents a 18.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company's stock.

About Healthcare Realty Trust

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.

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