Gotham Asset Management LLC Grows Stock Position in Healthcare Realty Trust Incorporated $HR

Key Points

• Gotham Asset Management LLC increased its stake in Healthcare Realty Trust by 34.7%, owning approximately 1.25 million shares valued at over $21 million.
• Recent analyst ratings for Healthcare Realty Trust have varied, with Wells Fargo boosting their price target to $16.00, while others have downgraded the stock, resulting in a consensus rating of "Reduce."
• Healthcare Realty Trust reported a quarterly earnings per share of $0.41, slightly exceeding expectations, but continues to face financial challenges with a negative net margin of 32.95%.

Gotham Asset Management LLC raised its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 34.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,251,215 shares of the real estate investment trust's stock after purchasing an additional 322,288 shares during the period. Gotham Asset Management LLC owned approximately 0.36% of Healthcare Realty Trust worth $21,146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Healthcare Realty Trust during the first quarter worth approximately $26,000. SVB Wealth LLC acquired a new stake in Healthcare Realty Trust in the first quarter valued at $35,000. Lazard Asset Management LLC acquired a new stake in Healthcare Realty Trust in the fourth quarter valued at $45,000. Financial Gravity Asset Management Inc. acquired a new stake in Healthcare Realty Trust in the first quarter valued at $48,000. Finally, 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.

Healthcare Realty Trust Stock Up 2.7%

Shares of NYSE:HR traded up $0.49 on Tuesday, hitting $18.69. 5,433,247 shares of the company traded hands, compared to its average volume of 3,200,722. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.90. The stock has a 50 day simple moving average of $16.54 and a 200-day simple moving average of $15.95. The company has a market cap of $6.57 billion, a PE ratio of -16.25 and a beta of 0.94.

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 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.The company had revenue of $287.07 million during the quarter, compared to the consensus estimate of $290.83 million. During the same period last year, the company earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.96 annualized dividend and a dividend yield of 5.1%. Healthcare Realty Trust's payout ratio is currently -83.48%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company an "underweight" rating in a report on Wednesday, August 27th. Scotiabank upgraded shares of Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $18.00 to $20.00 in a research note on Friday. JPMorgan Chase & Co. decreased their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Finally, Wall Street Zen downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.20.

Insider Buying and Selling at Healthcare Realty Trust

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

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.