Nuveen LLC Invests $21.22 Million in Healthcare Realty Trust Incorporated $HR

Key Points

• Nuveen LLC invested approximately $21.22 million in Healthcare Realty Trust, acquiring over 1.2 million shares in the first quarter.
• Healthcare Realty Trust recently announced a quarterly dividend of $0.24 per share with an annualized yield of 5.9%, despite a negative payout ratio of -83.48%.
• Analysts have downgraded Healthcare Realty Trust’s stock ratings, with price targets being reduced, and currently hold a consensus rating of "Hold" with an average target of $16.40.

Nuveen LLC acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,255,679 shares of the real estate investment trust's stock, valued at approximately $21,221,000. Nuveen LLC owned about 0.36% of Healthcare Realty Trust as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in Healthcare Realty Trust by 13.2% during the 1st quarter. Invesco Ltd. now owns 1,549,567 shares of the real estate investment trust's stock worth $26,188,000 after acquiring an additional 180,530 shares during the last quarter. Frank Rimerman Advisors LLC grew its holdings in Healthcare Realty Trust by 68.6% during the 1st quarter. Frank Rimerman Advisors LLC now owns 22,648 shares of the real estate investment trust's stock worth $383,000 after acquiring an additional 9,216 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Healthcare Realty Trust by 4.8% during the 1st 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 acquiring an additional 11,215 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Healthcare Realty Trust by 2.6% during 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 acquiring an additional 139,019 shares during the last quarter. Finally, Centersquare Investment Management LLC bought a new stake in Healthcare Realty Trust during the 1st quarter worth about $30,834,000.

Analyst Upgrades and Downgrades

HR has been the topic of a number of research analyst reports. Wedbush decreased their price objective on shares of 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 downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. JPMorgan Chase & Co. cut their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Finally, Wells Fargo & Company cut their target price on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a research report on Monday, June 2nd. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $16.40.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian bought 10,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were purchased at an average cost of $16.46 per share, for a total transaction of $164,600.00. Following the acquisition, the director owned 75,520 shares of the company's stock, valued at approximately $1,243,059.20. This represents a 15.26% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.37% of the company's stock.

Healthcare Realty Trust Trading Up 1.9%

Shares of NYSE:HR traded up $0.3150 during mid-day trading on Thursday, reaching $16.9050. The stock had a trading volume of 2,726,733 shares, compared to its average volume of 3,529,437. The firm has a market cap of $5.94 billion, a PE ratio of -14.70 and a beta of 0.89. The firm has a 50 day simple moving average of $16.04 and a two-hundred day simple moving average of $15.88. Healthcare Realty Trust Incorporated has a twelve month low of $14.09 and a twelve month high of $18.90.

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, beating analysts' consensus estimates of $0.40 by $0.01. The business 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 period last year, the company posted $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.7%. 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.