Pacer Advisors Inc. Has $349,000 Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Key Points

• Pacer Advisors Inc. significantly reduced its stake in Healthcare Realty Trust by 70.8%, now holding 20,648 shares valued at around $349,000 as of the latest quarter.
• Multiple institutional investors, including Golden State Wealth Management LLC and Lazard Asset Management LLC, have recently acquired new stakes in Healthcare Realty Trust, indicating shifting investor interest.
• Analyst ratings have downgraded Healthcare Realty Trust's target price, with firms like JPMorgan Chase & Co. lowering their targets, reflecting concerns over the stock's performance.

Pacer Advisors Inc. trimmed its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 70.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,648 shares of the real estate investment trust's stock after selling 50,128 shares during the quarter. Pacer Advisors Inc.'s holdings in Healthcare Realty Trust were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in HR. Starboard Value LP acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter worth $342,110,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Healthcare Realty Trust in the first quarter worth $100,817,000. Rush Island Management LP lifted its position in Healthcare Realty Trust by 21.2% during 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 acquiring an additional 2,747,848 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in Healthcare Realty Trust during the 4th quarter worth $39,337,000. Finally, Lasalle Investment Management Securities LLC acquired a new position in Healthcare Realty Trust during the 4th quarter worth $31,398,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HR. Wall Street Zen lowered Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Wells Fargo & Company cut their target price 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. 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 research note on Thursday, June 26th. Finally, Wedbush cut 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 report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, Healthcare Realty Trust has an average rating of "Hold" and an average target price of $16.40.

Insider Transactions at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 2,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $14.71 per share, with a total value of $36,775.00. Following the acquisition, the director directly owned 56,502 shares of the company's stock, valued at approximately $831,144.42. This represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.37% of the company's stock.

Healthcare Realty Trust Stock Performance

HR traded up $0.36 during midday trading on Monday, hitting $16.90. The company had a trading volume of 4,428,129 shares, compared to its average volume of 4,040,434. The company has a market capitalization of $5.94 billion, a PE ratio of -14.70 and a beta of 0.89. Healthcare Realty Trust Incorporated has a twelve month low of $14.09 and a twelve month high of $18.90. The firm's 50-day simple moving average is $15.43 and its 200-day simple moving average is $15.88.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $287.07 million during 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 period last year, the firm earned $0.38 EPS. As a group, sell-side analysts anticipate 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. Investors of record on Thursday, August 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.7%. Healthcare Realty Trust's dividend payout ratio is currently -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.