Swiss National Bank Has $11.02 Million Position in Healthcare Realty Trust Incorporated $HR

Key Points

• The Swiss National Bank reduced its stake in Healthcare Realty Trust by 8.6% during the first quarter, now owning approximately 652,300 shares valued at $11 million.
• Several brokerages, including JPMorgan Chase and Wells Fargo, have downgraded their recommendations for the stock, with target prices now ranging from $15.00 to $17.00.
• Healthcare Realty Trust recently announced a quarterly dividend of $0.24 per share, resulting in a yield of 5.8%, marking a significant dividend payout ratio of -83.48%.

Swiss National Bank cut its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 8.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 652,300 shares of the real estate investment trust's stock after selling 61,700 shares during the period. Swiss National Bank owned 0.19% of Healthcare Realty Trust worth $11,024,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in HR. Golden State Wealth Management LLC purchased a new position in Healthcare Realty Trust in the 1st quarter valued at about $26,000. Lazard Asset Management LLC acquired a new stake in Healthcare Realty Trust during the fourth quarter worth about $45,000. Financial Gravity Asset Management Inc. acquired a new stake in Healthcare Realty Trust during the first quarter worth about $48,000. UMB Bank n.a. raised its stake in Healthcare Realty Trust by 73.3% during the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock worth $51,000 after acquiring 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 valued at approximately $53,000.

Healthcare Realty Trust Price Performance

NYSE:HR traded up $0.3150 during trading hours on Thursday, reaching $16.9050. The company's stock had a trading volume of 2,726,733 shares, compared to its average volume of 3,529,437. The company has a market cap of $5.94 billion, a price-to-earnings ratio of -14.70 and a beta of 0.89. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.90. The business's 50-day moving average is $16.04 and its 200-day moving average is $15.88.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $290.83 million. During the same quarter 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. On average, sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently declared 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 5.7%. Healthcare Realty Trust's dividend payout ratio is currently -83.48%.

Insider Buying and Selling at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 10,000 shares of Healthcare Realty Trust stock in a transaction on Wednesday, August 13th. The stock was bought at an average price of $16.46 per share, with a total value of $164,600.00. Following the completion of the transaction, the director directly owned 75,520 shares of the company's stock, valued at approximately $1,243,059.20. This represents a 15.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HR has been the topic of a number of recent analyst reports. Wedbush cut their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Wells Fargo & Company reduced their target price on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Monday, June 2nd. Finally, JPMorgan Chase & Co. decreased their price objective 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. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Healthcare Realty Trust has a consensus rating of "Reduce" and an average price target of $16.40.

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.