Centersquare Investment Management LLC Purchases New Shares in Healthcare Realty Trust Incorporated (NYSE:HR)

Key Points

• Centersquare Investment Management LLC has acquired a stake in Healthcare Realty Trust valued at approximately $30.83 million, purchasing about 1.8 million shares during the first quarter.
• Healthcare Realty Trust has cut its quarterly dividend to $0.24, which translates to a 5.7% dividend yield and reflects a negative payout ratio.
• Recent stock analysis indicates a mix of ratings for Healthcare Realty Trust, with some analysts lowering price targets and giving it a consensus rating of "Hold."

Centersquare Investment Management LLC acquired a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,824,518 shares of the real estate investment trust's stock, valued at approximately $30,834,000. Centersquare Investment Management LLC owned about 0.52% of Healthcare Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of the 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 transaction, the director owned 56,502 shares in the company, valued at approximately $831,144.42. This trade represents a 4.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.37% of the company's stock.

Healthcare Realty Trust Stock Down 1.2%

Healthcare Realty Trust stock traded down $0.20 during mid-day trading on Friday, reaching $16.68. The company had a trading volume of 4,794,350 shares, compared to its average volume of 4,139,654. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of -14.50 and a beta of 0.89. The company has a 50 day moving average of $15.66 and a 200-day moving average of $15.89. 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 announced 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. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. The business had revenue of $287.07 million during the quarter, compared to analyst estimates of $290.83 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.8%. Healthcare Realty Trust's dividend payout ratio is currently -107.83%.

Analyst Upgrades and Downgrades

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

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.