Healthcare Realty Trust Incorporated (NYSE:HR) Holdings Lifted by abrdn plc

abrdn plc boosted its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 192.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,562 shares of the real estate investment trust's stock after buying an additional 162,886 shares during the quarter. abrdn plc owned approximately 0.06% of Healthcare Realty Trust worth $4,265,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HR. Greenleaf Trust purchased a new position in shares of Healthcare Realty Trust during the fourth quarter worth about $194,000. Federated Hermes Inc. grew its holdings in shares of Healthcare Realty Trust by 6.7% during the fourth quarter. Federated Hermes Inc. now owns 86,169 shares of the real estate investment trust's stock worth $1,485,000 after purchasing an additional 5,411 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Healthcare Realty Trust by 8.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 220,566 shares of the real estate investment trust's stock worth $3,800,000 after purchasing an additional 16,704 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Healthcare Realty Trust during the fourth quarter worth about $1,844,000. Finally, Consolidated Portfolio Review Corp purchased a new position in shares of Healthcare Realty Trust during the fourth quarter worth about $656,000.

Healthcare Realty Trust Price Performance

Shares of HR stock traded up $0.11 during midday trading on Friday, reaching $14.14. 3,602,248 shares of the company traded hands, compared to its average volume of 2,886,425. The firm's 50 day simple moving average is $13.77 and its two-hundred day simple moving average is $15.07. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $20.32. The firm has a market cap of $5.39 billion, a PE ratio of -19.11 and a beta of 0.79.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The company had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. During the same quarter in the previous year, the business posted $0.42 earnings per share. Healthcare Realty Trust's revenue was down 2.2% on a year-over-year basis. As a group, research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.77%. Healthcare Realty Trust's dividend payout ratio (DPR) is -167.57%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Stifel Nicolaus lowered Healthcare Realty Trust from a "buy" rating to a "hold" rating and lowered their price target for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. Wedbush lowered Healthcare Realty Trust from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price target on Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They set a "hold" rating and a $18.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.20.

Healthcare Realty Trust Profile

Healthcare Realty NYSE: HR is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.