UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 103,277 Shares of 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 increased its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 4.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.63% of Healthcare Realty Trust worth $37,348,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HR. Harbor Capital Advisors Inc. raised its position in Healthcare Realty Trust by 16.4% during the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock worth $84,000 after acquiring an additional 695 shares during the last quarter. Peak Financial Advisors LLC grew its stake in Healthcare Realty Trust by 6.8% during the first quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust's stock worth $193,000 after buying an additional 728 shares during the period. ProShare Advisors LLC boosted its stake in shares of Healthcare Realty Trust by 4.8% in the fourth quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust's stock valued at $281,000 after purchasing an additional 756 shares during the period. Focus Financial Network Inc. raised its holdings in Healthcare Realty Trust by 6.9% in the first quarter. Focus Financial Network Inc. now owns 11,868 shares of the real estate investment trust's stock valued at $201,000 after acquiring an additional 762 shares in the last quarter. Finally, Comprehensive Money Management Services LLC raised its holdings in shares of Healthcare Realty Trust by 4.7% during the first quarter. Comprehensive Money Management Services LLC now owns 17,918 shares of the real estate investment trust's stock worth $303,000 after purchasing an additional 800 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced 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 note on Thursday, June 26th. Scotiabank upgraded shares of Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $18.00 to $20.00 in a research note on Friday, September 5th. Raymond James Financial downgraded shares of Healthcare Realty Trust from a "market perform" rating to an "underperform" rating in a research note on Monday, September 15th. BTIG Research reaffirmed a "buy" rating and issued a $20.00 price target on shares of Healthcare Realty Trust in a report on Wednesday, September 10th. Finally, Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $17.67.

Insider Buying and Selling at Healthcare Realty Trust

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

Healthcare Realty Trust Stock Up 0.2%

Shares of Healthcare Realty Trust stock traded up $0.03 during trading on Friday, hitting $18.11. 5,938,610 shares of the stock traded hands, compared to its average volume of 3,950,617. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.82. The firm's fifty day moving average is $16.94 and its 200-day moving average is $16.04. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of -15.75 and a beta of 0.94.

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

Healthcare Realty Trust Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.3%. Healthcare Realty Trust's dividend payout ratio is currently -83.48%.

Healthcare Realty Trust 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.