85,428 Shares in Healthcare Realty Trust Incorporated $HR Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP purchased 85,428 shares of Healthcare Realty Trust, valued at approximately $1,444,000, in the first quarter, indicating increased institutional interest in the company.
• Several brokerages have lowered their target prices for Healthcare Realty Trust, with Wells Fargo reducing their price objective from $16.00 to $15.00 and setting an "underweight" rating.
• Healthcare Realty Trust declared a quarterly dividend of $0.24, reflecting a 5.6% yield, but has a negative dividend payout ratio of -83.48%.

Quantbot Technologies LP bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 85,428 shares of the real estate investment trust's stock, valued at approximately $1,444,000.

Several other large investors have also made changes to their positions in HR. Golden State Wealth Management LLC bought a new stake in shares of Healthcare Realty Trust in the 1st quarter worth about $26,000. Lazard Asset Management LLC bought a new stake in shares of Healthcare Realty Trust in the 4th quarter worth about $45,000. Financial Gravity Asset Management Inc. bought a new stake in shares of Healthcare Realty Trust in the 1st quarter worth about $48,000. UMB Bank n.a. grew its holdings in shares of Healthcare Realty Trust by 73.3% in the 1st 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, Avalon Trust Co bought a new stake in shares of Healthcare Realty Trust in the 1st quarter worth about $53,000.

Insider Activity

In other news, Director Thomas N. Bohjalian acquired 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average price of $16.46 per share, with a total value of $164,600.00. Following the purchase, the director directly owned 75,520 shares of the company's stock, valued at $1,243,059.20. The trade was a 15.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.37% of the company's stock.

Analyst Ratings Changes

HR has been the topic of several analyst reports. Wall Street Zen lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. JPMorgan Chase & Co. lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Wells Fargo & Company raised their price objective on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company an "underweight" rating in a research report on Wednesday. Finally, Wedbush lowered 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. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Healthcare Realty Trust has an average rating of "Reduce" and an average target price of $16.60.

Healthcare Realty Trust Price Performance

Shares of NYSE HR traded down $0.09 during mid-day trading on Thursday, hitting $17.18. The company's stock had a trading volume of 381,911 shares, compared to its average volume of 3,112,841. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of -14.93 and a beta of 0.89. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.90. The company's fifty day simple moving average is $16.21 and its 200-day simple moving average is $15.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued 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 company had revenue of $287.07 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS 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. Stockholders of record on Thursday, August 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.6%. The ex-dividend date of this dividend is Thursday, August 14th. Healthcare Realty Trust's dividend payout ratio (DPR) is -83.48%.

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.