Charles Schwab Investment Management Inc. raised its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,067,669 shares of the real estate investment trust's stock after purchasing an additional 81,141 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.33% of Healthcare Realty Trust worth $87,316,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of HR. Provence Wealth Management Group bought a new stake in shares of Healthcare Realty Trust during the third quarter valued at approximately $25,000. Lindbrook Capital LLC raised its stake in Healthcare Realty Trust by 106.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 954 shares during the last quarter. Quent Capital LLC raised its stake in Healthcare Realty Trust by 47.4% during the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 622 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $45,000. Finally, GAMMA Investing LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $107,000.
Healthcare Realty Trust Price Performance
Shares of NYSE HR traded up $0.26 during mid-day trading on Tuesday, reaching $16.28. The company's stock had a trading volume of 5,536,300 shares, compared to its average volume of 3,488,201. The firm has a market capitalization of $6.20 billion, a PE ratio of -12.24 and a beta of 0.78. The stock has a fifty day moving average of $14.10 and a two-hundred day moving average of $15.11. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $20.30.
Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.51). The business had revenue of $330.40 million during the quarter, compared to the consensus estimate of $334.32 million. Healthcare Realty Trust had a negative return on equity of 7.22% and a negative net margin of 37.53%. The business's revenue was down 2.2% on a year-over-year basis. During the same period last year, the company earned $0.42 EPS. Analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.
Healthcare Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Monday, May 13th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend is Friday, May 10th. Healthcare Realty Trust's payout ratio is presently -93.23%.
Analyst Ratings Changes
Several research firms have recently weighed in on HR. Stifel Nicolaus cut Healthcare Realty Trust from a "buy" rating to a "hold" rating and decreased their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Wells Fargo & Company decreased their price target on Healthcare Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a research note on Tuesday, January 30th. They issued a "hold" rating and a $18.00 price target for the company. Wedbush boosted their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. decreased their price target on Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating for the company in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Healthcare Realty Trust has an average rating of "Hold" and a consensus price target of $17.30.
Check Out Our Latest Stock Analysis on HR
About Healthcare Realty Trust
(
Free Report)
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.
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