Royal Bank of Canada Cuts Holdings in Healthcare Realty Trust Incorporated (HR)
Royal Bank of Canada trimmed its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 18.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,684 shares of the real estate investment trust’s stock after selling 11,067 shares during the quarter. Royal Bank of Canada’s holdings in Healthcare Realty Trust were worth $1,697,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of HR. Parametric Portfolio Associates LLC boosted its position in Healthcare Realty Trust by 20.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 100,674 shares of the real estate investment trust’s stock valued at $3,272,000 after acquiring an additional 17,421 shares in the last quarter. Stifel Financial Corp boosted its position in Healthcare Realty Trust by 1.0% during the 1st quarter. Stifel Financial Corp now owns 9,648 shares of the real estate investment trust’s stock valued at $314,000 after acquiring an additional 100 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Healthcare Realty Trust during the 1st quarter valued at approximately $202,000. Teachers Advisors LLC boosted its position in Healthcare Realty Trust by 3.1% during the 1st quarter. Teachers Advisors LLC now owns 267,310 shares of the real estate investment trust’s stock valued at $8,688,000 after acquiring an additional 8,056 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Healthcare Realty Trust by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,570,231 shares of the real estate investment trust’s stock valued at $51,032,000 after acquiring an additional 68,016 shares in the last quarter. 91.74% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on HR shares. Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. KeyCorp reissued a “sell” rating and issued a $25.00 price target on shares of Healthcare Realty Trust in a research report on Tuesday, September 26th. Morgan Stanley boosted their price target on Healthcare Realty Trust from $32.50 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, September 25th. Cantor Fitzgerald reissued a “buy” rating and issued a $38.00 price target on shares of Healthcare Realty Trust in a research report on Tuesday, August 15th. Finally, BidaskClub cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Healthcare Realty Trust has an average rating of “Hold” and an average target price of $33.29.
Healthcare Realty Trust Incorporated (NYSE HR) opened at 32.34 on Tuesday. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 31.10 and a beta of 0.31. The company has a 50-day moving average of $32.67 and a 200-day moving average of $33.22. Healthcare Realty Trust Incorporated has a one year low of $26.66 and a one year high of $36.25.
Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.01). The firm had revenue of $105.20 million during the quarter, compared to analyst estimates of $105.67 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. Healthcare Realty Trust’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.42 earnings per share. On average, equities analysts forecast that Healthcare Realty Trust Incorporated will post $0.70 EPS for the current fiscal year.
In other news, Director John Knox Singleton bought 3,450 shares of the stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $31.88 per share, for a total transaction of $109,986.00. Following the completion of the purchase, the director now directly owns 17,693 shares in the company, valued at $564,052.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.85% of the stock is owned by company insiders.
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Healthcare Realty Trust 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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