Healthcare Realty Trust Incorporated (HR) Shares Sold by Paradigm Asset Management Co. LLC
Paradigm Asset Management Co. LLC decreased its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 32.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,900 shares of the real estate investment trust’s stock after selling 1,850 shares during the period. Paradigm Asset Management Co. LLC’s holdings in Healthcare Realty Trust were worth $133,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Huntington National Bank boosted its position in Healthcare Realty Trust by 36.7% in the second quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock valued at $177,000 after buying an additional 1,393 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in Healthcare Realty Trust during the first quarter valued at about $202,000. Cim Investment Mangement Inc. purchased a new position in Healthcare Realty Trust during the first quarter valued at about $210,000. Bank of Montreal Can boosted its position in Healthcare Realty Trust by 1.3% in the second quarter. Bank of Montreal Can now owns 6,466 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 84 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Healthcare Realty Trust by 5.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,040 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 389 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.
Healthcare Realty Trust Incorporated (NYSE HR) opened at 32.78 on Wednesday. The company has a market cap of $3.82 billion, a PE ratio of 31.52 and a beta of 0.29. The company has a 50-day moving average price of $32.87 and a 200 day moving average price of $32.82. Healthcare Realty Trust Incorporated has a 12-month low of $26.66 and a 12-month high of $36.25.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company 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 firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. On average, analysts forecast that Healthcare Realty Trust Incorporated will post $0.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 11th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.20 dividend on an annualized basis and a yield of 3.66%. Healthcare Realty Trust’s dividend payout ratio is presently 114.29%.
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Several research firms recently issued reports on HR. Stifel Nicolaus decreased their price target on Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Jefferies Group LLC cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Thursday, June 15th. They noted that the move was a valuation call. Cantor Fitzgerald raised their price target on Healthcare Realty Trust from $35.00 to $38.00 and gave the company a “buy” rating in a report on Monday, June 12th. Mizuho reiterated a “neutral” rating on shares of Healthcare Realty Trust in a report on Wednesday, June 28th. Finally, Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.60.
In other Healthcare Realty Trust news, Director John Knox Singleton purchased 3,450 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $31.88 per share, for a total transaction of $109,986.00. Following the acquisition, the director now directly owns 17,693 shares in the company, valued at $564,052.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.85% of the stock is owned by insiders.
Healthcare Realty Trust Company Profile
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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