XTX Topco Ltd Takes $920,000 Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Key Points

• XTX Topco Ltd acquired 54,466 shares of Healthcare Realty Trust, valued at approximately $920,000, during the first quarter.
• Healthcare Realty Trust recently cut its quarterly dividend to $0.24, with a significant negative dividend payout ratio of -107.83%.
• Several analysts have decreased their target prices for Healthcare Realty Trust shares, with JPMorgan lowering its target from $18.00 to $17.00 and Wells Fargo from $16.00 to $15.00, indicating a cautious outlook.

XTX Topco Ltd acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 54,466 shares of the real estate investment trust's stock, valued at approximately $920,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Healthcare Realty Trust in the first quarter valued at approximately $26,000. Lazard Asset Management LLC acquired a new position in shares of Healthcare Realty Trust during the 4th quarter worth approximately $45,000. Financial Gravity Asset Management Inc. acquired a new position in Healthcare Realty Trust in the first quarter valued at about $48,000. UMB Bank n.a. lifted its stake in Healthcare Realty Trust by 73.3% during the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake 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 in the last quarter.

Analysts Set New Price Targets

HR has been the subject of several analyst reports. Wall Street Zen downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. JPMorgan Chase & Co. reduced their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. Wells Fargo & Company reduced their price target on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a research report on Monday, June 2nd. Finally, Wedbush dropped their target price on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of "Hold" and a consensus target price of $16.40.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of $14.71 per share, with a total value of $36,775.00. Following the completion of the acquisition, the director owned 56,502 shares of the company's stock, valued at $831,144.42. The trade was a 4.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.37% of the company's stock.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR traded down $0.02 during midday trading on Thursday, reaching $16.86. The stock had a trading volume of 2,641,089 shares, compared to its average volume of 3,113,660. Healthcare Realty Trust Incorporated has a 12-month low of $14.09 and a 12-month high of $18.90. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of -14.66 and a beta of 0.89. The stock has a 50-day moving average of $15.57 and a 200-day moving average of $15.89.

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, beating 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 firm had revenue of $287.07 million for the quarter, compared to analysts' expectations of $290.83 million. During the same period in the prior year, the company earned $0.38 EPS. As a group, analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.7%. Healthcare Realty Trust's payout ratio is -107.83%.

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.