OVERSEA CHINESE BANKING Corp Ltd Purchases New Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Healthcare Realty Trust, acquiring 173,630 shares valued at approximately $2.93 million during the first quarter.
• Several analysts have revised their price targets for Healthcare Realty Trust, with notable decreases from Wedbush and Wells Fargo, indicating a shift to a "neutral" and "underweight" rating respectively.
• Healthcare Realty Trust has announced a quarterly dividend of $0.24 per share, reflecting a significant negative payout ratio of -113.76%, potentially raising concerns among investors.

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 173,630 shares of the real estate investment trust's stock, valued at approximately $2,934,000.

A number of other institutional investors also recently modified their holdings of the business. Starboard Value LP bought a new stake in Healthcare Realty Trust in the fourth quarter worth $342,110,000. Rush Island Management LP increased its holdings in shares of Healthcare Realty Trust by 21.2% in the 4th quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust's stock worth $265,800,000 after buying an additional 2,747,848 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at about $100,817,000. Northern Trust Corp raised its position in shares of Healthcare Realty Trust by 40.3% during the 4th quarter. Northern Trust Corp now owns 4,040,969 shares of the real estate investment trust's stock valued at $68,494,000 after buying an additional 1,159,763 shares in the last quarter. Finally, Farallon Capital Management LLC lifted its holdings in shares of Healthcare Realty Trust by 25.4% in the 4th quarter. Farallon Capital Management LLC now owns 3,264,000 shares of the real estate investment trust's stock valued at $55,325,000 after acquiring an additional 661,000 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Wedbush reduced their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company decreased their price target on 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. cut 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. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $16.40.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was acquired at an average price of $14.71 per share, with a total value of $36,775.00. Following the completion of the transaction, the director owned 56,502 shares of the company's stock, valued at $831,144.42. This represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.

Healthcare Realty Trust Price Performance

NYSE HR traded down $0.08 on Thursday, hitting $16.80. 481,192 shares of the company's stock were exchanged, compared to its average volume of 3,099,200. The firm's 50-day moving average price is $15.57 and its two-hundred day moving average price is $15.89. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of -14.58 and a beta of 0.89. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week 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 (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The company 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 quarter in the prior year, the firm earned $0.38 earnings per share. On average, research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid 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 -107.83%.

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.