Bayforest Capital Ltd Acquires 51,466 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Key Points

• Bayforest Capital Ltd increased its stake in Healthcare Realty Trust by 262%, now owning 71,111 shares valued at approximately $1.2 million, making it the 14th largest position in its investment portfolio.
• Insider trading activity saw Director Thomas N. Bohjalian purchase 2,500 shares at $14.71 each, boosting his ownership stake by 4.63% to 56,502 shares valued at roughly $831,144.
• Healthcare Realty Trust's latest earnings report showed a 9.2% year-over-year revenue decline with an EPS of $0.39, matching analyst expectations, but the company is experiencing a negative return on equity and high dividend payout ratio.

Bayforest Capital Ltd boosted its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 262.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,111 shares of the real estate investment trust's stock after purchasing an additional 51,466 shares during the quarter. Healthcare Realty Trust accounts for about 0.6% of Bayforest Capital Ltd's investment portfolio, making the stock its 14th biggest holding. Bayforest Capital Ltd's holdings in Healthcare Realty Trust were worth $1,202,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in shares of Healthcare Realty Trust in the first quarter valued at approximately $920,000. GSA Capital Partners LLP raised its position in Healthcare Realty Trust by 102.9% during the first quarter. GSA Capital Partners LLP now owns 87,589 shares of the real estate investment trust's stock worth $1,480,000 after acquiring an additional 44,428 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Healthcare Realty Trust by 14.3% in the first quarter. Federated Hermes Inc. now owns 41,392 shares of the real estate investment trust's stock valued at $700,000 after purchasing an additional 5,181 shares during the period. Meeder Asset Management Inc. raised its position in shares of Healthcare Realty Trust by 2.8% in the first quarter. Meeder Asset Management Inc. now owns 38,025 shares of the real estate investment trust's stock valued at $643,000 after purchasing an additional 1,046 shares during the period. Finally, Mackenzie Financial Corp increased its position in Healthcare Realty Trust by 169.8% during the first quarter. Mackenzie Financial Corp now owns 153,723 shares of the real estate investment trust's stock worth $2,598,000 after acquiring an additional 96,736 shares during the period.

Healthcare Realty Trust Stock Up 7.4%

Healthcare Realty Trust stock traded up $1.14 during mid-day trading on Friday, hitting $16.50. 7,928,085 shares of the stock were exchanged, compared to its average volume of 3,098,048. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.90. The firm's fifty day simple moving average is $15.38 and its two-hundred day simple moving average is $15.88. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of -15.14 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $287.07 million during the quarter, compared to analyst estimates of $290.83 million. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. During the same quarter in the previous year, the business posted $0.38 EPS. As a group, analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.8%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -113.76%.

Analyst Ratings Changes

HR has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a research note on Monday, June 2nd. Wall Street Zen downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wedbush dropped their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. dropped their price objective 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 research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $16.40.

Insiders Place Their Bets

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $14.71 per share, with a total value of $36,775.00. Following the acquisition, the director owned 56,502 shares of the company's stock, valued at $831,144.42. This represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.37% of the company's stock.

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.