Algert Global LLC Has $186,000 Stock Holdings in Healthcare Realty Trust Incorporated $HR

Key Points

• Algert Global LLC significantly reduced its stakes in Healthcare Realty Trust by selling 168,220 shares, representing a 93.9% decrease, leaving them with only 11,007 shares valued at approximately $186,000.
• Several institutional investors have acquired new positions in the company, with Golden State Wealth Management LLC purchasing $26,000 worth of shares in the first quarter.
• Analysts have downgraded the stock's price targets, with prices now ranging from $15.00 to $17.00 and an average target price of $16.40, indicating a cautious outlook on the stock.

Algert Global LLC lowered its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 93.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,007 shares of the real estate investment trust's stock after selling 168,220 shares during the period. Algert Global LLC's holdings in Healthcare Realty Trust were worth $186,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HR. Golden State Wealth Management LLC acquired a new stake in shares of Healthcare Realty Trust in the first quarter worth $26,000. Lazard Asset Management LLC bought a new position in Healthcare Realty Trust during the 4th quarter valued at $45,000. Financial Gravity Asset Management Inc. bought a new position in Healthcare Realty Trust during the 1st quarter valued at $48,000. UMB Bank n.a. boosted its stake in Healthcare Realty Trust by 73.3% during the 1st 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 during the last quarter. Finally, Avalon Trust Co bought a new position in shares of Healthcare Realty Trust in the 1st quarter worth about $53,000.

Insider Activity

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 10,000 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $16.46 per share, for a total transaction of $164,600.00. Following the purchase, the director owned 75,520 shares in the company, valued at $1,243,059.20. This represents a 15.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wedbush cut their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Scotiabank lifted their target price on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Finally, Wells Fargo & Company lifted their target price on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $16.80.

Healthcare Realty Trust Trading Up 0.6%

NYSE:HR traded up $0.11 during trading hours on Thursday, hitting $17.37. 2,126,752 shares of the company traded hands, compared to its average volume of 3,615,664. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of -15.10 and a beta of 0.89. Healthcare Realty Trust Incorporated has a twelve month low of $14.09 and a twelve month high of $18.90. The firm has a 50-day moving average of $16.26 and a 200 day moving average of $15.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $287.07 million during the quarter, compared to analysts' expectations of $290.83 million. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. During the same period in the prior year, the company earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. Equities research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.24 dividend. The ex-dividend date is Thursday, August 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.5%. Healthcare Realty Trust's dividend payout ratio is currently -83.48%.

Healthcare Realty Trust 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.