Healthcare Realty Trust Incorporated $HR Shares Bought by Northern Trust Corp

Key Points

• Northern Trust Corp has increased its stake in Healthcare Realty Trust by 1.0%, now owning 4,080,435 shares valued at approximately $68.96 million.
• Insider activity saw Director Thomas N. Bohjalian purchasing 10,000 shares at an average price of $16.46, boosting his ownership by 15.26% to a total of 75,520 shares.
• Healthcare Realty Trust reported positive earnings of $0.41 per share for the last quarter, surpassing analyst estimates, but also announced a decrease in dividends with a new payout of $0.24 per share.

Northern Trust Corp lifted its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,080,435 shares of the real estate investment trust's stock after purchasing an additional 39,466 shares during the quarter. Northern Trust Corp owned 1.16% of Healthcare Realty Trust worth $68,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Healthcare Realty Trust during the fourth quarter valued at $3,019,000. NewEdge Advisors LLC increased its position in Healthcare Realty Trust by 8.8% during the fourth quarter. NewEdge Advisors LLC now owns 27,159 shares of the real estate investment trust's stock valued at $460,000 after acquiring an additional 2,206 shares during the last quarter. First Trust Advisors LP increased its position in Healthcare Realty Trust by 65.7% during the fourth quarter. First Trust Advisors LP now owns 186,533 shares of the real estate investment trust's stock valued at $3,162,000 after acquiring an additional 73,989 shares during the last quarter. Stifel Financial Corp increased its position in Healthcare Realty Trust by 48.3% in the fourth quarter. Stifel Financial Corp now owns 125,665 shares of the real estate investment trust's stock worth $2,130,000 after buying an additional 40,937 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its position in Healthcare Realty Trust by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 113,709 shares of the real estate investment trust's stock worth $1,927,000 after buying an additional 34,018 shares in the last quarter.

Healthcare Realty Trust Stock Performance

HR traded up $0.11 during trading on Thursday, hitting $17.37. 2,126,752 shares of the stock were exchanged, compared to its average volume of 3,615,664. The firm has a 50 day simple moving average of $16.26 and a 200 day simple moving average of $15.90. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of -15.10 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 1 year low of $14.09 and a 1 year high of $18.90.

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, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $287.07 million for the quarter, compared to analysts' expectations of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.During the same quarter last year, the firm earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.5%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -83.48%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Wells Fargo & Company upped their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Wednesday. Wedbush dropped their price objective on 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. Wall Street Zen lowered Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. JPMorgan Chase & Co. lowered their price objective on 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. Finally, Scotiabank raised their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a "sector perform" rating in a research note on Thursday. Four research 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, Healthcare Realty Trust presently has an average rating of "Reduce" and a consensus price target of $16.80.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 10,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $16.46 per share, with a total value of $164,600.00. Following the transaction, the director directly owned 75,520 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is owned by 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.