Invesco Ltd. Acquires 180,530 Shares of Healthcare Realty Trust Incorporated $HR

Key Points

• Invesco Ltd. increased its investment in Healthcare Realty Trust by 13.2%, acquiring an additional 180,530 shares during the first quarter, bringing its total holdings to approximately 1.55 million shares valued at $26.19 million.
• Several analysts have lowered their price targets for Healthcare Realty Trust, with the consensus target now at $16.40, and the company's overall rating has shifted to a "Reduce."
• Healthcare Realty Trust recently reported quarterly earnings of $0.41 per share, exceeding expectations, but also cut its dividend to $0.24 per share, reflecting a payout ratio of -83.48%.

Invesco Ltd. raised its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,549,567 shares of the real estate investment trust's stock after acquiring an additional 180,530 shares during the quarter. Invesco Ltd. owned about 0.44% of Healthcare Realty Trust worth $26,188,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC lifted its stake in Healthcare Realty Trust by 68.6% in the first quarter. Frank Rimerman Advisors LLC now owns 22,648 shares of the real estate investment trust's stock valued at $383,000 after acquiring an additional 9,216 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Healthcare Realty Trust by 4.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 246,653 shares of the real estate investment trust's stock worth $4,168,000 after buying an additional 11,215 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Healthcare Realty Trust by 2.6% in the first 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 buying an additional 139,019 shares during the last quarter. Centersquare Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust in the first quarter worth $30,834,000. Finally, Marble Harbor Investment Counsel LLC lifted its stake in shares of Healthcare Realty Trust by 0.5% in the first quarter. Marble Harbor Investment Counsel LLC now owns 852,323 shares of the real estate investment trust's stock worth $14,404,000 after buying an additional 4,144 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HR. Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. JPMorgan Chase & Co. reduced 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. Wedbush reduced their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a research note on Monday, June 2nd. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $16.40.

Healthcare Realty Trust Price Performance

HR stock traded up $0.0750 on Friday, reaching $16.9950. 3,788,417 shares of the company were exchanged, compared to its average volume of 3,545,945. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.90. The stock's fifty day moving average price is $16.08 and its 200 day moving average price is $15.88. The firm has a market capitalization of $5.98 billion, a PE ratio of -14.78 and a beta of 0.89.

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 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $290.83 million. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, research analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.6%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -83.48%.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 10,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were purchased at an average price of $16.46 per share, with a total value of $164,600.00. Following the acquisition, the director directly owned 75,520 shares of the company's stock, valued at $1,243,059.20. This represents a 15.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.37% of the stock is owned by company insiders.

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.