Candriam S.C.A. Reduces Stock Position in Healthcare Realty Trust Incorporated $HR

Key Points

• Candriam S.C.A. reduced its holdings in Healthcare Realty Trust by 10.8% during the first quarter, selling 186,211 shares and now owns approximately $26 million worth of the stock.
• The company has recently disclosed a $0.24 quarterly dividend, representing a yield of 5.8%, despite a negative payout ratio of -83.48%.
• Analysts have downgraded Healthcare Realty Trust's rating, with target prices falling; the current consensus rating is "Reduce" with an average target price of $16.40.

Candriam S.C.A. reduced its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 10.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,543,440 shares of the real estate investment trust's stock after selling 186,211 shares during the quarter. Candriam S.C.A. owned about 0.44% of Healthcare Realty Trust worth $26,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HR. Golden State Wealth Management LLC purchased a new position in Healthcare Realty Trust in the first quarter worth about $26,000. Lazard Asset Management LLC bought a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $45,000. Financial Gravity Asset Management Inc. purchased a new position in Healthcare Realty Trust in the 1st quarter worth approximately $48,000. UMB Bank n.a. lifted its position in Healthcare Realty Trust by 73.3% in 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 in the last quarter. Finally, Avalon Trust Co purchased a new stake in shares of Healthcare Realty Trust during the first quarter valued at $53,000.

Analyst Upgrades and Downgrades

HR has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on 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. Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Wedbush cut their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Wells Fargo & Company lowered their price objective 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. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Healthcare Realty Trust has a consensus rating of "Reduce" and an average target price of $16.40.

Healthcare Realty Trust Trading Down 0.4%

Shares of HR traded down $0.07 during trading hours on Tuesday, reaching $17.06. 535,700 shares of the stock traded hands, compared to its average volume of 3,120,801. The company's 50-day moving average price is $16.12 and its two-hundred day moving average price is $15.88. The company has a market cap of $6.00 billion, a P/E ratio of -14.83 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The firm had revenue of $287.07 million during the quarter, compared to analyst estimates of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.During the same quarter last year, the business posted $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, research analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Cuts Dividend

The firm also recently announced 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 5.6%. Healthcare Realty Trust's dividend payout ratio is -83.48%.

Insider Buying and Selling at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 10,000 shares of the firm's stock in a transaction that occurred on 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 acquisition, the director directly owned 75,520 shares of the company's stock, valued at $1,243,059.20. This represents a 15.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.