Wellington Management Group LLP Buys New Shares in Healthcare Realty Trust Incorporated $HR

Wellington Management Group LLP bought a new stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 31,512 shares of the real estate investment trust's stock, valued at approximately $533,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at $228,000. Golden State Wealth Management LLC bought a new position in shares of Healthcare Realty Trust in the 1st quarter worth $26,000. Oppenheimer Asset Management Inc. boosted its position in shares of Healthcare Realty Trust by 31.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 60,301 shares of the real estate investment trust's stock worth $1,019,000 after purchasing an additional 14,400 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Healthcare Realty Trust by 8.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 14,803 shares of the real estate investment trust's stock worth $250,000 after purchasing an additional 1,171 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Healthcare Realty Trust in the 1st quarter worth $618,000.

Healthcare Realty Trust Trading Up 3.1%

Shares of Healthcare Realty Trust stock traded up $0.55 during trading on Friday, reaching $18.04. The stock had a trading volume of 9,222,869 shares, compared to its average volume of 3,051,028. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of -15.68 and a beta of 0.94. The stock has a fifty day moving average price of $16.49 and a two-hundred day moving average price of $15.94. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $287.07 million for the quarter, compared to analyst estimates of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.During the same period in the previous year, the company 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 forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Thursday, August 14th. Healthcare Realty Trust's payout ratio is -83.48%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HR shares. Wells Fargo & Company raised their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 27th. Scotiabank upgraded Healthcare Realty Trust from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $18.00 to $20.00 in a research report on Friday. Wall Street Zen lowered Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, JPMorgan Chase & Co. reduced their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $17.20.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average price of $16.46 per share, with a total value of $164,600.00. Following the completion of the transaction, the director owned 75,520 shares in the company, valued at $1,243,059.20. The trade was a 15.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 completion of the sale, the executive vice president directly owned 113,419 shares in the company, valued at approximately $2,041,542. This represents a 11.68% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.37% of the company's stock.

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.