Principal Financial Group Inc. raised its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 494,937 shares of the real estate investment trust’s stock after buying an additional 24,822 shares during the quarter. Principal Financial Group Inc. owned about 0.42% of Healthcare Realty Trust worth $16,902,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of HR. Huntington National Bank lifted its holdings in shares of Healthcare Realty Trust by 36.7% during the second quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 1,393 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in shares of Healthcare Realty Trust during the first quarter worth approximately $202,000. Cim Investment Mangement Inc. acquired a new position in shares of Healthcare Realty Trust during the first quarter worth approximately $210,000. Bank of Montreal Can lifted its holdings in shares of Healthcare Realty Trust by 1.3% during the second quarter. Bank of Montreal Can now owns 6,466 shares of the real estate investment trust’s stock worth $221,000 after buying an additional 84 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Healthcare Realty Trust by 5.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,040 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 389 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.
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In other news, Director John Knox Singleton purchased 3,450 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $31.88 per share, for a total transaction of $109,986.00. Following the purchase, the director now directly owns 17,693 shares of the company’s stock, valued at approximately $564,052.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.85% of the company’s stock.
Healthcare Realty Trust Incorporated (HR) opened at 34.10 on Friday. The company has a 50 day moving average price of $32.99 and a 200-day moving average price of $33.07. Healthcare Realty Trust Incorporated has a 52 week low of $26.66 and a 52 week high of $36.25. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 32.79 and a beta of 0.30.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.39 earnings per share (EPS) 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 the consensus estimate of $105.67 million. Healthcare Realty Trust had a net margin of 28.98% and a return on equity of 7.38%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 earnings per share. Equities analysts predict that Healthcare Realty Trust Incorporated will post $0.71 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 11th were paid a $0.30 dividend. The ex-dividend date was Wednesday, August 9th. This represents a $1.20 annualized dividend and a yield of 3.52%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 114.29%.
HR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, June 16th. Mizuho restated a “neutral” rating on shares of Healthcare Realty Trust in a research note on Wednesday, June 28th. Jefferies Group LLC lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research note on Thursday, June 15th. They noted that the move was a valuation call. BidaskClub lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Cantor Fitzgerald upped their target price on Healthcare Realty Trust from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 12th. Two 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 presently has an average rating of “Hold” and an average price target of $32.60.
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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