Cbre Clarion Securities LLC cut its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 85.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 662,300 shares of the real estate investment trust’s stock after selling 3,795,020 shares during the period. Cbre Clarion Securities LLC owned 0.57% of Healthcare Realty Trust worth $22,618,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fiduciary Trust Co. bought a new position in Healthcare Realty Trust in the 2nd quarter worth approximately $113,000. Pacad Investment Ltd. boosted its holdings in Healthcare Realty Trust by 41.2% in the 2nd quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 1,400 shares during the period. Huntington National Bank boosted its holdings in Healthcare Realty Trust by 36.7% in the 2nd quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 1,393 shares during the period. Neuberger Berman Group LLC bought a new position in Healthcare Realty Trust in the 1st quarter worth approximately $202,000. Finally, Cim Investment Mangement Inc. bought a new position in Healthcare Realty Trust in the 1st quarter worth approximately $210,000. 92.18% of the stock is owned by institutional investors.
Shares of Healthcare Realty Trust Incorporated (NYSE HR) traded down 1.34% on Friday, reaching $32.42. 535,456 shares of the company’s stock traded hands. Healthcare Realty Trust Incorporated has a 52-week low of $26.66 and a 52-week high of $36.25. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 31.17 and a beta of 0.30. The firm’s 50-day moving average is $33.01 and its 200-day moving average is $33.11.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.01). The firm had revenue of $105.20 million during the quarter, compared to analysts’ expectations of $105.67 million. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. Analysts anticipate that Healthcare Realty Trust Incorporated will post $0.71 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 11th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.70%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 114.29%.
In other news, Director John Knox Singleton acquired 3,450 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $31.88 per share, with a total value of $109,986.00. Following the completion of the purchase, the director now directly owns 17,693 shares in the company, valued at approximately $564,052.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.85% of the company’s stock.
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HR has been the subject of several analyst reports. BidaskClub raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Cantor Fitzgerald raised their price objective on shares of Healthcare Realty Trust from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 12th. Stifel Nicolaus reissued a “buy” rating on shares of Healthcare Realty Trust in a report on Friday, August 4th. Jefferies Group LLC reissued a “hold” rating and issued a $34.00 price target (down from $36.00) on shares of Healthcare Realty Trust in a report on Thursday, August 10th. Finally, Zacks Investment Research raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.60.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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