Pacer Advisors Inc. Decreases Stock Holdings 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. lowered its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 70.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Healthcare Realty Trust in the first quarter worth $26,000. Lazard Asset Management LLC bought a new stake in Healthcare Realty Trust in the fourth quarter worth $45,000. Financial Gravity Asset Management Inc. bought a new stake in Healthcare Realty Trust in the first quarter worth $48,000. UMB Bank n.a. increased its position in Healthcare Realty Trust by 73.3% in the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Healthcare Realty Trust by 16.4% in the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 695 shares during the last quarter.

Healthcare Realty Trust Trading Down 0.7%

Shares of NYSE HR traded down $0.13 during mid-day trading on Wednesday, reaching $16.83. The company had a trading volume of 1,691,547 shares, compared to its average volume of 3,102,997. The business's 50-day moving average is $15.53 and its 200-day moving average is $15.89. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of -14.63 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The firm had revenue of $287.07 million for 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 business posted $0.38 earnings per share. As a group, equities research analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Cuts Dividend

The firm 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 payout ratio is -107.83%.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 2,500 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were bought at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the acquisition, the director directly owned 56,502 shares in the company, valued at approximately $831,144.42. The trade was a 4.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

HR has been the topic of several research reports. Wedbush reduced their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wells Fargo & Company cut their price objective 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. JPMorgan Chase & Co. cut their price objective 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, Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $16.40.

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.