AlphaQuest LLC Purchases 56,328 Shares of Healthcare Realty Trust Incorporated $HR

Key Points

• AlphaQuest LLC increased its holdings in Healthcare Realty Trust (NYSE: HR) by 268.0% in Q1, acquiring an additional 56,328 shares to total 77,345 shares valued at approximately $1.3 million.
• Recent analyst reports have downgraded HR, with Wells Fargo reducing their target price from $16.00 to $15.00 and Wall Street Zen changing its rating from "hold" to "sell".
• Healthcare Realty Trust reported a quarterly dividend of $0.24 per share but has a significant negative payout ratio of -83.48%.

AlphaQuest LLC raised its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 268.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,345 shares of the real estate investment trust's stock after purchasing an additional 56,328 shares during the quarter. AlphaQuest LLC's holdings in Healthcare Realty Trust were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Starboard Value LP bought a new stake in shares of Healthcare Realty Trust in the 4th quarter worth approximately $342,110,000. Rush Island Management LP increased its position in Healthcare Realty Trust by 21.2% during the 4th quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust's stock valued at $265,800,000 after purchasing an additional 2,747,848 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in Healthcare Realty Trust during the 1st quarter valued at $100,817,000. Charles Schwab Investment Management Inc. increased its position in Healthcare Realty Trust by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,470,199 shares of the real estate investment trust's stock valued at $92,446,000 after purchasing an additional 139,019 shares during the period. Finally, Northern Trust Corp grew its position in shares of Healthcare Realty Trust by 1.0% in the 1st quarter. Northern Trust Corp now owns 4,080,435 shares of the real estate investment trust's stock worth $68,959,000 after buying an additional 39,466 shares during the period.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 10,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was acquired at an average cost of $16.46 per share, for a total transaction of $164,600.00. Following the completion of the transaction, the director owned 75,520 shares in the company, valued at $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.37% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HR. Wall Street Zen downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Wells Fargo & Company dropped 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 report on Monday, June 2nd. JPMorgan Chase & Co. lowered their price objective on shares of 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. Finally, Wedbush lowered their price objective on shares of 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. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust presently has an average rating of "Reduce" and a consensus price target of $16.40.

Healthcare Realty Trust Stock Performance

NYSE HR traded down $0.09 on Tuesday, hitting $17.03. 2,846,328 shares of the stock were exchanged, compared to its average volume of 3,603,890. The stock has a fifty day moving average price of $16.17 and a two-hundred day moving average price of $15.89. The firm has a market capitalization of $5.99 billion, a P/E ratio of -14.81 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 posted 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. 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 32.95% and a negative return on equity of 7.70%. During the same period in the previous year, the firm earned $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. Sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.6%. Healthcare Realty Trust's dividend payout ratio (DPR) is -83.48%.

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.