Healthcare Realty Trust Incorporated (NYSE:HR) Shares Bought by abrdn plc

abrdn plc raised its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 252,889 shares of the real estate investment trust’s stock after acquiring an additional 6,419 shares during the quarter. abrdn plc’s holdings in Healthcare Realty Trust were worth $4,590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Healthcare Realty Trust by 5.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 44,034 shares of the real estate investment trust’s stock valued at $799,000 after acquiring an additional 2,446 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Healthcare Realty Trust by 33.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,693 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 3,715 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Healthcare Realty Trust by 559.8% during the 3rd quarter. International Assets Investment Management LLC now owns 123,692 shares of the real estate investment trust’s stock worth $22,450,000 after purchasing an additional 104,944 shares during the last quarter. Lecap Asset Management Ltd. grew its holdings in shares of Healthcare Realty Trust by 78.4% during the third quarter. Lecap Asset Management Ltd. now owns 89,241 shares of the real estate investment trust’s stock worth $1,620,000 after buying an additional 39,217 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Healthcare Realty Trust by 3.6% in the third quarter. Private Advisor Group LLC now owns 30,358 shares of the real estate investment trust’s stock valued at $551,000 after buying an additional 1,062 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company restated an “underweight” rating and set a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday, October 1st. Scotiabank upped their price target on Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 7th. Finally, Wedbush increased their price target on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.17.

Insider Activity

In other news, Director Thomas N. Bohjalian acquired 9,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $17.39 per share, with a total value of $156,510.00. Following the completion of the purchase, the director now owns 22,252 shares of the company’s stock, valued at $386,962.28. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 9,000 shares of the stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $17.39 per share, with a total value of $156,510.00. Following the completion of the purchase, the director now owns 22,252 shares in the company, valued at $386,962.28. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Knox Singleton bought 6,500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now owns 57,082 shares in the company, valued at $1,041,175.68. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 15,728 shares of company stock valued at $279,069. Company insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Price Performance

NYSE:HR opened at $16.92 on Monday. The company’s 50-day moving average is $17.88 and its two-hundred day moving average is $16.93. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of -10.71 and a beta of 0.91.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). The business had revenue of $316.30 million during the quarter, compared to analyst estimates of $317.90 million. Healthcare Realty Trust had a negative net margin of 45.63% and a negative return on equity of 9.42%. The company’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. As a group, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, November 12th. This represents a $1.24 annualized dividend and a yield of 7.33%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -78.48%.

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.