Advisors Asset Management Inc. Lowers Position in Healthcare Realty Trust Incorporated $HR

Key Points

• Advisors Asset Management Inc. reduced its stake in Healthcare Realty Trust by 16.7%, now holding 116,062 shares valued at approximately $1.96 million.
• Notable insider activity includes Director Thomas N. Bohjalian purchasing 10,000 shares while EVP Julie F. Wilson sold 15,000 shares, reflecting a shift in ownership dynamics.
• Brokerage firms have mixed ratings for Healthcare Realty Trust, with Wells Fargo setting an "underweight" rating while Scotiabank upgraded their rating from "sector perform" to "sector outperform."

Advisors Asset Management Inc. reduced its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 16.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 116,062 shares of the real estate investment trust's stock after selling 23,281 shares during the period. Advisors Asset Management Inc.'s holdings in Healthcare Realty Trust were worth $1,961,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HR. Golden State Wealth Management LLC bought a new position in shares of Healthcare Realty Trust in the first quarter valued at approximately $26,000. SVB Wealth LLC bought a new position in shares of Healthcare Realty Trust in the first quarter valued at approximately $35,000. Lazard Asset Management LLC bought a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $45,000. Financial Gravity Asset Management Inc. bought a new position in shares of Healthcare Realty Trust in the first quarter valued at approximately $48,000. Finally, UMB Bank n.a. grew its holdings in shares of Healthcare Realty Trust by 73.3% in the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock valued at $51,000 after acquiring an additional 1,279 shares in the last quarter.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock traded down $0.09 during trading hours on Friday, reaching $18.23. The company had a trading volume of 821,443 shares, compared to its average volume of 3,209,919. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.90. The business has a fifty day simple moving average of $16.69 and a 200 day simple moving average of $15.99. The firm has a market cap of $6.41 billion, a PE ratio of -15.85 and a beta of 0.94.

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 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $287.07 million during the quarter, compared to analyst estimates of $290.83 million. During the same period last year, the company earned $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, research analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current 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 issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Thursday, August 14th. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -83.48%.

Insiders Place Their Bets

In other news, 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 directly owned 113,419 shares of the company's stock, valued at $2,041,542. This trade represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas N. Bohjalian purchased 10,000 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was bought at an average cost of $16.46 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. 0.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.