State Street Corp Reduces Stock Position in Healthcare Realty Trust Incorporated $HR

Key Points

• State Street reduced its Healthcare Realty Trust stake by 1.9%, selling 326,118 shares and retaining 16.74 million shares worth approximately $337.7 million, or 4.89% of the company.
• Healthcare Realty Trust reported a quarterly loss of $0.13 per share, missing the $0.40 consensus estimate, while revenue of $278.6 million exceeded expectations but declined 5.3% year over year.
• The REIT maintained its quarterly dividend at $0.24 per share, equivalent to a 5.3% annualized yield. Analysts generally remain cautious, with an average “Hold” rating and a $21.70 price target.

State Street Corp trimmed its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,743,817 shares of the real estate investment trust's stock after selling 326,118 shares during the period. State Street Corp owned about 4.89% of Healthcare Realty Trust worth $337,723,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Jupiter Asset Management Ltd. purchased a new stake in Healthcare Realty Trust during the fourth quarter worth $31,810,000. Harbour Investments Inc. boosted its position in shares of Healthcare Realty Trust by 3,394.4% in the 4th quarter. Harbour Investments Inc. now owns 70,167 shares of the real estate investment trust's stock worth $1,189,000 after buying an additional 68,159 shares in the last quarter. Fifth Third Bancorp grew its stake in Healthcare Realty Trust by 1,293.6% in the 1st quarter. Fifth Third Bancorp now owns 295,660 shares of the real estate investment trust's stock valued at $5,023,000 after acquiring an additional 274,445 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Healthcare Realty Trust during the 1st quarter valued at about $6,490,000. Finally, LSV Asset Management acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $1,905,000.

Healthcare Realty Trust Stock Down 1.2%

Shares of NYSE HR opened at $17.96 on Thursday. The stock has a market capitalization of $6.16 billion, a PE ratio of -69.08 and a beta of 0.95. The firm has a fifty day moving average of $19.71 and a 200-day moving average of $19.40. Healthcare Realty Trust Incorporated has a 52-week low of $16.31 and a 52-week high of $22.04.

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

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.24 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.3%. Healthcare Realty Trust's payout ratio is presently -369.23%.

Insider Activity

In related news, COO Robert Hull sold 21,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $19.11, for a total transaction of $401,310.00. Following the completion of the sale, the chief operating officer owned 276,338 shares of the company's stock, valued at approximately $5,280,819.18. This represents a 7.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group boosted their price target on Healthcare Realty Trust from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. Wells Fargo & Company lowered their price objective on Healthcare Realty Trust from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 1st. JPMorgan Chase & Co. upped their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Royal Bank Of Canada increased their target price on Healthcare Realty Trust from $21.00 to $22.00 and gave the stock a "sector perform" rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group initiated coverage on Healthcare Realty Trust in a research report on Tuesday, September 15th. They set a "hold" rating and a $20.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Healthcare Realty Trust currently has an average rating of "Hold" and an average price target of $21.70.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated is a real estate investment trust focused on owning, developing, acquiring, leasing and managing outpatient healthcare properties. Its portfolio primarily includes medical office buildings and other facilities that support outpatient care, such as ambulatory care centers and healthcare campuses.

The company serves healthcare providers across the United States, with properties generally located near hospitals and in major and growing markets. Its customers include health systems, physician groups and other healthcare providers.

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