Invesco Ltd. Boosts Stock Holdings in 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. increased its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,549,567 shares of the real estate investment trust's stock after purchasing an additional 180,530 shares during the period. Invesco Ltd. owned approximately 0.44% of Healthcare Realty Trust worth $26,188,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HR. Starboard Value LP purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $342,110,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Healthcare Realty Trust during the first quarter valued at approximately $100,817,000. Rush Island Management LP raised its holdings in shares of Healthcare Realty Trust by 21.2% during the fourth 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 last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $39,337,000. Finally, Centersquare Investment Management LLC purchased a new position in shares of Healthcare Realty Trust during the first quarter valued at approximately $30,834,000.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR traded up $0.1270 during midday trading on Monday, reaching $17.0970. The stock had a trading volume of 2,650,476 shares, compared to its average volume of 3,568,496. The stock has a 50-day moving average of $16.12 and a 200-day moving average of $15.88. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of -14.87 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 12-month low of $14.09 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $287.07 million during the quarter, compared to analysts' expectations 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 prior year, the company posted $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HR shares. Wells Fargo & Company decreased 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 report on Monday, June 2nd. Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. JPMorgan Chase & Co. reduced 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 report on Thursday, June 26th. Finally, Wedbush reduced their target price on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $16.40.

Insider Activity

In other news, Director Thomas N. Bohjalian acquired 10,000 shares of Healthcare Realty Trust stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average cost of $16.46 per share, with a total value of $164,600.00. Following the completion of the purchase, the director directly owned 75,520 shares in the company, valued at approximately $1,243,059.20. This trade represents a 15.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is currently owned by company insiders.

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.