AQR Capital Management LLC Sells 141,834 Shares of Healthcare Realty Trust Incorporated $HR

Key Points

• AQR Capital Management LLC has reduced its stake in Healthcare Realty Trust by 20.8%, now holding approximately $9.10 million worth of shares.
• The company reported $0.41 earnings per share for the last quarter, which slightly exceeded analysts' expectations of $0.40.
• Healthcare Realty Trust has declared a quarterly dividend of $0.24 with a dividend yield of 5.2%, but has a negative payout ratio of -83.48%.

AQR Capital Management LLC cut its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 20.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,784 shares of the real estate investment trust's stock after selling 141,834 shares during the quarter. AQR Capital Management LLC owned 0.15% of Healthcare Realty Trust worth $9,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Healthcare Realty Trust during the first quarter valued at approximately $26,000. SVB Wealth LLC acquired a new position in Healthcare Realty Trust in the 1st quarter worth approximately $35,000. Lazard Asset Management LLC purchased a new position in Healthcare Realty Trust during the 4th quarter worth approximately $45,000. Financial Gravity Asset Management Inc. acquired a new stake in Healthcare Realty Trust during the 1st quarter valued at $48,000. Finally, UMB Bank n.a. lifted 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 purchasing an additional 1,279 shares in the last quarter.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian purchased 10,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were bought at an average price of $16.46 per share, for a total transaction of $164,600.00. Following the completion of the acquisition, the director directly owned 75,520 shares in the company, valued at approximately $1,243,059.20. This trade represents a 15.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the completion of the transaction, the executive vice president directly owned 113,419 shares in the company, valued at approximately $2,041,542. This represents a 11.68% decrease in their position. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on HR. Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. BTIG Research restated a "buy" rating and set a $20.00 price objective on shares of Healthcare Realty Trust in a research report on Wednesday, September 10th. Scotiabank upgraded 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. Raymond James Financial lowered shares of Healthcare Realty Trust from a "market perform" rating to an "underperform" rating in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $17.67.

Healthcare Realty Trust Stock Performance

Shares of Healthcare Realty Trust stock traded down $0.28 during midday trading on Tuesday, reaching $17.79. 4,451,306 shares of the company's stock traded hands, compared to its average volume of 3,799,277. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.82. The company's 50 day simple moving average is $16.82 and its 200 day simple moving average is $16.01. The company has a market cap of $6.26 billion, a price-to-earnings ratio of -15.47 and a beta of 0.94.

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

Healthcare Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.4%. The ex-dividend date was Thursday, August 14th. Healthcare Realty Trust's payout ratio is -83.48%.

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.