Sumitomo Mitsui DS Asset Management Company Ltd Buys New Position in Healthcare Realty Trust Incorporated $HR

Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 88,675 shares of the real estate investment trust's stock, valued at approximately $1,573,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HR. Abel Hall LLC bought a new position in Healthcare Realty Trust in the 3rd quarter valued at $219,000. IFP Advisors Inc increased its stake in Healthcare Realty Trust by 123.5% in the third quarter. IFP Advisors Inc now owns 3,963 shares of the real estate investment trust's stock worth $70,000 after purchasing an additional 2,190 shares during the period. TD Waterhouse Canada Inc. purchased a new stake in Healthcare Realty Trust in the third quarter worth $28,000. State of Alaska Department of Revenue bought a new stake in shares of Healthcare Realty Trust during the third quarter worth $3,502,000. Finally, Focus Financial Network Inc. bought a new stake in shares of Healthcare Realty Trust during the third quarter worth $181,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HR. Weiss Ratings raised shares of Healthcare Realty Trust from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price target on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Wells Fargo & Company reduced their price target on shares of Healthcare Realty Trust from $20.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday, October 19th. Cantor Fitzgerald lifted their price objective on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada boosted their price objective on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company a "sector perform" rating in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $21.36.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $17.92 on Friday. Healthcare Realty Trust Incorporated has a one year low of $16.31 and a one year high of $22.04. The firm has a market cap of $6.14 billion, a P/E ratio of -68.92 and a beta of 0.97. The firm has a 50-day simple moving average of $18.30 and a 200-day simple moving average of $19.36.

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 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 business had revenue of $278.58 million during the quarter, compared to analysts' expectations of $271.60 million. During the same period in the previous year, the company posted $0.41 EPS. Healthcare Realty Trust's revenue for the quarter was down 5.3% on a year-over-year basis. Healthcare Realty Trust has set its FY 2026 guidance at 1.620-1.660 EPS. On average, research analysts predict that Healthcare Realty Trust Incorporated will post 1.65 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders 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 yield of 5.4%. Healthcare Realty Trust's dividend payout ratio is currently -369.23%.

Insiders Place Their Bets

In other Healthcare Realty Trust news, COO Robert Hull sold 21,000 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $19.11, for a total transaction of $401,310.00. Following the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated NYSE: HR is a real estate investment trust focused on owning, managing, acquiring and developing outpatient healthcare properties. Its portfolio primarily includes medical office buildings, ambulatory surgery centers, outpatient facilities and other properties used by healthcare providers.

The company leases space to health systems, physician groups and other healthcare organizations, with properties generally located on or near hospital campuses and in growing outpatient care settings.

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