Bayforest Capital Ltd Purchases 51,466 Shares of Healthcare Realty Trust Incorporated $HR

Key Points

• Bayforest Capital Ltd increased its holdings in Healthcare Realty Trust by 262% in Q1, owning 71,111 shares worth approximately $1.2 million.
• Healthcare Realty Trust's quarterly earnings surpassed analysts' expectations, reporting an EPS of $0.41 compared to the forecast of $0.40, although it recorded a negative net margin of 32.95%.
• Several analysts have mixed views on the stock, with targets ranging from $16.00 to $20.00, reflecting a consensus rating of "Hold" and a target price of $17.20.

Bayforest Capital Ltd lifted its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 262.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,111 shares of the real estate investment trust's stock after purchasing an additional 51,466 shares during the period. Healthcare Realty Trust accounts for about 0.5% of Bayforest Capital Ltd's investment portfolio, making the stock its 18th biggest holding. Bayforest Capital Ltd's holdings in Healthcare Realty Trust were worth $1,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HR. Mercer Global Advisors Inc. ADV lifted its stake in shares of Healthcare Realty Trust by 107.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 42,585 shares of the real estate investment trust's stock valued at $722,000 after purchasing an additional 22,069 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at $2,504,000. Cresset Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at $356,000. Deutsche Bank AG lifted its stake in shares of Healthcare Realty Trust by 95.9% in the 4th quarter. Deutsche Bank AG now owns 464,941 shares of the real estate investment trust's stock valued at $7,881,000 after purchasing an additional 227,566 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Healthcare Realty Trust by 23.5% in the 4th quarter. Focus Partners Wealth now owns 20,254 shares of the real estate investment trust's stock valued at $352,000 after purchasing an additional 3,850 shares during the last quarter.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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

Healthcare Realty Trust Price Performance

Shares of HR stock traded up $0.05 during trading hours on Friday, reaching $18.36. 3,511,718 shares of the company were exchanged, compared to its average volume of 3,652,184. The stock's fifty day moving average is $16.74 and its two-hundred day moving average is $16.00. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week high of $18.90. The company has a market cap of $6.45 billion, a price-to-earnings ratio of -15.96 and a beta of 0.94.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $290.83 million. During the same period last year, the firm 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 anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were paid a $0.24 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.96 dividend on an annualized basis and a yield of 5.2%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -83.48%.

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.