State of Alaska Department of Revenue Acquires 197,500 Shares of Healthcare Realty Trust Incorporated $HR

Key Points

• State of Alaska’s Department of Revenue acquired 197,500 shares of Healthcare Realty Trust, valued at approximately $3.5 million, giving it a 0.06% stake. Several other institutional investors also increased or initiated positions.
• Healthcare Realty Trust reported quarterly revenue of $278.58 million, above estimates, but missed earnings expectations with a loss of $0.13 per share; revenue declined 5.3% year over year.
• The REIT pays a quarterly dividend of $0.24, equivalent to a 5.5% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $21.40, versus a recent share price of $17.48.

State of Alaska Department of Revenue acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 197,500 shares of the real estate investment trust's stock, valued at approximately $3,502,000. State of Alaska Department of Revenue owned about 0.06% of Healthcare Realty Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HR. Continuum Advisory LLC acquired a new position in Healthcare Realty Trust in the second quarter valued at $26,000. IFP Advisors Inc lifted its position in Healthcare Realty Trust by 310.4% during the second quarter. IFP Advisors Inc now owns 1,773 shares of the real estate investment trust's stock worth $36,000 after buying an additional 1,341 shares during the period. Versant Capital Management Inc boosted its stake in Healthcare Realty Trust by 48.2% in the 2nd quarter. Versant Capital Management Inc now owns 2,274 shares of the real estate investment trust's stock worth $46,000 after buying an additional 740 shares during the last quarter. Main Street Group LTD acquired a new stake in Healthcare Realty Trust in the 1st quarter worth about $42,000. Finally, Inspire Investing LLC acquired a new stake in Healthcare Realty Trust in the 1st quarter worth about $45,000.

Healthcare Realty Trust Stock Performance

HR opened at $17.48 on Friday. Healthcare Realty Trust Incorporated has a 1 year low of $16.31 and a 1 year high of $22.04. The firm has a 50 day moving average price of $18.47 and a 200 day moving average price of $19.34. The company has a market cap of $5.99 billion, a PE ratio of -67.25 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.53). The business had revenue of $278.58 million for the quarter, compared to analyst estimates of $271.60 million. Healthcare Realty Trust had a negative net margin of 7.59% and a negative return on equity of 1.91%. The company's quarterly revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Healthcare Realty Trust has set its FY 2026 guidance at 1.620-1.660 EPS. On average, sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.65 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 11th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.96 annualized dividend and a dividend yield of 5.5%. Healthcare Realty Trust's dividend payout ratio is presently -369.23%.

Insider Activity

In other news, COO Robert Hull sold 21,000 shares of the firm's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.11, for a total value of $401,310.00. Following the transaction, the chief operating officer owned 276,338 shares of the company's stock, valued at approximately $5,280,819.18. This trade represents a 7.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.56% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on HR shares. UBS Group lowered their price target on Healthcare Realty Trust from $21.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, October 13th. Royal Bank Of Canada increased their price objective on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock a "sector perform" rating in a report on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, July 9th. Jefferies Financial Group began coverage on shares of Healthcare Realty Trust in a research report on Tuesday, September 15th. They issued a "hold" rating and a $20.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price on shares of Healthcare Realty Trust from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 1st. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Healthcare Realty Trust has an average rating of "Hold" and a consensus target price of $21.40.

About Healthcare Realty Trust

Healthcare Realty Trust Incorporated NYSE: HR is a real estate investment trust focused on owning, operating, and developing healthcare-related properties. The company primarily serves outpatient healthcare providers, including hospitals, health systems, physician groups, and other medical organizations.

Its portfolio is centered on outpatient facilities such as medical office buildings, ambulatory surgery centers, and other properties that support healthcare delivery outside traditional hospitals.

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