UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $37.35 Million Stock Holdings in Healthcare Realty Trust Incorporated $HR

Key Points

• UBS Asset Management increased its stake in Healthcare Realty Trust by 4.9%, owning approximately 2.21 million shares valued at about $37.35 million as of the latest SEC filing.
• Several institutional investors, including Golden State Wealth Management and SVB Wealth LLC, purchased new positions in Healthcare Realty Trust during Q1 2023, indicating growing interest among hedge funds.
• Healthcare Realty Trust announced a quarterly dividend of $0.24 per share, resulting in an annualized dividend yield of 5.3%, despite a negative payout ratio of -83.48%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,209,940 shares of the real estate investment trust's stock after acquiring an additional 103,277 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.63% of Healthcare Realty Trust worth $37,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new position in shares of Healthcare Realty Trust in the first quarter worth $228,000. Golden State Wealth Management LLC acquired a new position in shares of Healthcare Realty Trust in the first quarter worth $26,000. Oppenheimer Asset Management Inc. increased its stake in shares of Healthcare Realty Trust by 31.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 60,301 shares of the real estate investment trust's stock worth $1,019,000 after acquiring an additional 14,400 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Healthcare Realty Trust by 8.6% in the first quarter. Sequoia Financial Advisors LLC now owns 14,803 shares of the real estate investment trust's stock worth $250,000 after acquiring an additional 1,171 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Healthcare Realty Trust in the first quarter worth $618,000.

Insider Activity at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 10,000 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were acquired at an average cost of $16.46 per share, with a total value of $164,600.00. Following the completion of the purchase, the director directly owned 75,520 shares of the company's stock, valued at $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julie F. Wilson sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the completion of the transaction, the executive vice president directly owned 113,419 shares in the company, valued at approximately $2,041,542. The trade was a 11.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HR shares. Wells Fargo & Company upped their price objective on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Wednesday, August 27th. Scotiabank upgraded shares of Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $18.00 to $20.00 in a report on Friday, September 5th. BTIG Research reiterated a "buy" rating and issued a $20.00 price objective on shares of Healthcare Realty Trust in a report on Wednesday, September 10th. Raymond James Financial cut shares of Healthcare Realty Trust from a "market perform" rating to an "underperform" rating in a report on Monday. Finally, Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $17.67.

Healthcare Realty Trust Trading Up 0.7%

NYSE:HR traded up $0.13 during mid-day trading on Wednesday, hitting $17.92. The company's stock had a trading volume of 3,551,573 shares, compared to its average volume of 3,873,761. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week high of $18.82. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of -15.58 and a beta of 0.94. The stock has a fifty day moving average of $16.86 and a 200-day moving average of $16.03.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. The company had revenue of $287.07 million during the quarter, compared to analyst estimates of $290.83 million. During the same quarter last year, the business posted $0.38 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Thursday, August 14th. Healthcare Realty Trust's dividend payout ratio is -83.48%.

About Healthcare Realty Trust

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.