Bayforest Capital Ltd Grows Stock Holdings in 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 stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 262.0% in the 1st quarter, according to its most recent filing with the SEC. 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 comprises approximately 0.6% of Bayforest Capital Ltd's portfolio, making the stock its 14th largest position. Bayforest Capital Ltd's holdings in Healthcare Realty Trust were worth $1,202,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in Healthcare Realty Trust by 5.3% in the 4th quarter. LPL Financial LLC now owns 292,851 shares of the real estate investment trust's stock valued at $4,964,000 after buying an additional 14,616 shares during the period. Norges Bank purchased a new position in Healthcare Realty Trust in the 4th quarter valued at approximately $76,825,000. Nomura Asset Management Co. Ltd. lifted its position in shares of Healthcare Realty Trust by 2.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 482,970 shares of the real estate investment trust's stock worth $8,186,000 after purchasing an additional 10,300 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Healthcare Realty Trust by 33.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 16,790 shares of the real estate investment trust's stock worth $285,000 after purchasing an additional 4,218 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Healthcare Realty Trust by 1.6% during the 4th quarter. California Public Employees Retirement System now owns 1,707,523 shares of the real estate investment trust's stock worth $28,943,000 after purchasing an additional 26,106 shares during the last quarter.

Insider Activity

In other news, Director Thomas N. Bohjalian purchased 2,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the purchase, the director directly owned 56,502 shares in the company, valued at $831,144.42. The trade was a 4.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is currently owned by company insiders.

Healthcare Realty Trust Stock Up 7.4%

HR traded up $1.14 on Friday, reaching $16.50. The company had a trading volume of 7,928,085 shares, compared to its average volume of 3,644,029. Healthcare Realty Trust Incorporated has a 1 year low of $14.09 and a 1 year high of $18.90. The stock has a market capitalization of $5.80 billion, a PE ratio of -14.35 and a beta of 0.89. The stock has a 50-day moving average price of $15.43 and a 200-day moving average price of $15.88.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $287.07 million for the quarter, compared to analyst estimates of $290.83 million. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.53%. During the same period in the previous year, the business posted $0.38 earnings per share. As a group, analysts expect 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. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.8%. Healthcare Realty Trust's dividend payout ratio (DPR) is -113.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Wells Fargo & Company decreased their price objective on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, June 2nd. Wedbush decreased 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 research report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased 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 research report on Thursday, June 26th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, Healthcare Realty Trust has an average rating of "Hold" and a consensus price target of $16.40.

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.