Pearl River Capital LLC bought a new stake in Healthcare Realty Trust Inc (NYSE:HR) in the second quarter, HoldingsChannel.com reports. The fund bought 18,931 shares of the real estate investment trust’s stock, valued at approximately $554,000.
A number of other hedge funds also recently modified their holdings of HR. Aigen Investment Management LP acquired a new position in Healthcare Realty Trust in the first quarter valued at approximately $27,000. Rockefeller Capital Management L.P. acquired a new position in Healthcare Realty Trust in the first quarter valued at approximately $36,000. Marshall Wace North America L.P. acquired a new position in Healthcare Realty Trust in the first quarter valued at approximately $39,000. Van ECK Associates Corp boosted its position in shares of Healthcare Realty Trust by 108.8% during the first quarter. Van ECK Associates Corp now owns 1,620 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 844 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new position in shares of Healthcare Realty Trust during the first quarter worth approximately $94,000. Institutional investors own 95.79% of the company’s stock.
Shares of NYSE HR traded up $0.64 during trading on Thursday, hitting $27.75. The company had a trading volume of 32,762 shares, compared to its average volume of 868,248. The company has a market cap of $3.76 billion, a P/E ratio of 34.38 and a beta of 0.54. Healthcare Realty Trust Inc has a 52 week low of $24.10 and a 52 week high of $37.97. The business’s 50-day moving average is $28.77 and its 200 day moving average is $31.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 0.67.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.15. Healthcare Realty Trust had a return on equity of 5.85% and a net margin of 22.38%. On average, research analysts expect that Healthcare Realty Trust Inc will post 1.62 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Friday, August 14th. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently 75.00%.
In other news, Director Edward Hall Braman bought 3,500 shares of the business’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $29.01 per share, with a total value of $101,535.00. Following the purchase, the director now directly owns 13,776 shares in the company, valued at $399,641.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by insiders.
Several equities analysts have recently issued reports on HR shares. Capital One Financial reiterated an “equal weight” rating on shares of Healthcare Realty Trust in a research report on Wednesday, August 5th. Raymond James reduced their price objective on Healthcare Realty Trust from $38.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Co reiterated a “hold” rating on shares of Healthcare Realty Trust in a research report on Tuesday, April 28th. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Citigroup upped their target price on Healthcare Realty Trust from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Healthcare Realty Trust has a consensus rating of “Hold” and a consensus price target of $32.00.
Healthcare Realty Trust Company Profile
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.
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