Healthcare Realty Trust Incorporated $HR Stake Lifted by Liberty One Investment Management LLC

Key Points

• Liberty One Investment Management LLC increased its stake in Healthcare Realty Trust by 8.0%, now owning approximately 312,895 shares valued at $4.96 million as of the latest SEC filing.
• Healthcare Realty Trust has recently faced a downgrade in analyst ratings, with JPMorgan Chase & Co. lowering its target price from $18.00 to $17.00 while maintaining a "neutral" rating.
• The company reported a quarterly EPS of $0.41, surpassing estimates, but also announced a cut in its dividend, currently reflecting a yield of 5.1% due to an unsustainable payout ratio.

Liberty One Investment Management LLC raised its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 8.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 312,895 shares of the real estate investment trust's stock after buying an additional 23,094 shares during the period. Liberty One Investment Management LLC owned about 0.09% of Healthcare Realty Trust worth $4,963,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA bought a new stake in Healthcare Realty Trust during the first quarter worth approximately $100,817,000. Charles Schwab Investment Management Inc. boosted its stake in Healthcare Realty Trust by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,470,199 shares of the real estate investment trust's stock worth $92,446,000 after purchasing an additional 139,019 shares during the period. Northern Trust Corp boosted its stake in 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 purchasing an additional 39,466 shares during the period. Russell Investments Group Ltd. boosted its stake in Healthcare Realty Trust by 2.5% in the 1st quarter. Russell Investments Group Ltd. now owns 2,841,636 shares of the real estate investment trust's stock worth $48,023,000 after purchasing an additional 69,114 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in Healthcare Realty Trust by 0.6% in the 2nd quarter. William Blair Investment Management LLC now owns 2,278,809 shares of the real estate investment trust's stock worth $36,142,000 after purchasing an additional 14,015 shares during the period.

Insider Buying and Selling at Healthcare Realty Trust

In other news, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the sale, the executive vice president directly owned 113,419 shares in the company, valued at approximately $2,041,542. The trade was a 11.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas N. Bohjalian bought 10,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average price 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 represents a 15.26% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BTIG Research reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, September 29th. JPMorgan Chase & Co. cut their target price 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. Wells Fargo & Company upgraded shares of Healthcare Realty Trust from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $16.00 to $18.00 in a research report on Monday. Cantor Fitzgerald began coverage on shares of Healthcare Realty Trust in a research report on Wednesday, October 1st. They issued an "overweight" rating and a $23.00 target price for the company. Finally, Raymond James Financial downgraded shares of Healthcare Realty Trust from a "market perform" rating to an "underperform" rating in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.75.

Healthcare Realty Trust Trading Up 1.6%

Healthcare Realty Trust stock opened at $18.89 on Tuesday. The company has a market capitalization of $6.64 billion, a P/E ratio of -16.43 and a beta of 0.96. Healthcare Realty Trust Incorporated has a 1-year low of $14.09 and a 1-year high of $18.90. The firm's fifty day simple moving average is $17.67 and its 200-day simple moving average is $16.24.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its earnings results 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 firm had revenue of $287.07 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, equities research analysts predict 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 declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.1%. The ex-dividend date was Thursday, August 14th. Healthcare Realty Trust's dividend payout ratio (DPR) is currently -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.

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