PGGM Investments Trims Holdings in Healthcare Realty Trust Incorporated (HR)
PGGM Investments lessened its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 20.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,204,952 shares of the real estate investment trust’s stock after selling 568,048 shares during the period. PGGM Investments owned approximately 1.89% of Healthcare Realty Trust worth $71,308,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Fiduciary Trust Co. acquired a new stake in Healthcare Realty Trust in the second quarter valued at approximately $113,000. Pacad Investment Ltd. grew its stake in Healthcare Realty Trust by 41.2% in the second quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 1,400 shares during the period. Huntington National Bank grew its stake 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 acquiring an additional 1,393 shares during the period. Neuberger Berman Group LLC acquired a new stake in Healthcare Realty Trust in the first quarter valued at approximately $202,000. Finally, PNC Financial Services Group Inc. grew its stake in Healthcare Realty Trust by 1.2% in the second quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 72 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.
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A number of brokerages have commented on HR. Mizuho reissued a “neutral” rating on shares of Healthcare Realty Trust in a research note on Wednesday, June 28th. BidaskClub cut Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. KeyCorp reaffirmed a “sell” rating and set a $25.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, August 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $36.00 target price on shares of Healthcare Realty Trust in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $33.00.
In other Healthcare Realty Trust news, Director John Knox Singleton bought 3,450 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average cost of $31.88 per share, for a total transaction of $109,986.00. Following the purchase, the director now owns 17,693 shares in the company, valued at approximately $564,052.84. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.85% of the company’s stock.
Healthcare Realty Trust Incorporated (NYSE HR) traded up 0.15% on Friday, reaching $32.50. The company’s stock had a trading volume of 513,518 shares. The company’s 50 day moving average price is $32.89 and its 200-day moving average price is $33.25. The stock has a market cap of $3.79 billion, a PE ratio of 31.25 and a beta of 0.31. 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 issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. The business had revenue of $105.20 million for the quarter, compared to analysts’ expectations of $105.67 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that Healthcare Realty Trust Incorporated will post $0.70 EPS for the current year.
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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