Oak Thistle LLC Acquires New Shares in Healthcare Realty Trust Incorporated (NYSE:HR)

Oak Thistle LLC acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HRFree Report) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 43,576 shares of the real estate investment trust’s stock, valued at approximately $751,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in Healthcare Realty Trust in the first quarter valued at about $31,000. Provence Wealth Management Group bought a new stake in Healthcare Realty Trust in the third quarter valued at about $25,000. Quent Capital LLC increased its holdings in Healthcare Realty Trust by 47.4% in the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 622 shares during the last quarter. Harbour Investments Inc. bought a new stake in Healthcare Realty Trust in the fourth quarter valued at about $39,000. Finally, Legacy Financial Group LLC bought a new stake in Healthcare Realty Trust in the third quarter valued at about $34,000.

Healthcare Realty Trust Stock Down 1.2 %

HR stock opened at $13.94 on Wednesday. The business has a 50-day moving average of $14.41 and a 200-day moving average of $15.21. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $20.32.

Healthcare Realty Trust (NYSE:HRGet Free Report) last issued its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The company had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. During the same period last year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts predict that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were given a dividend of $0.31 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.24 annualized dividend and a yield of 8.90%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -167.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HR shares. Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price target on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft started coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target for the company. Finally, Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and a consensus price target of $17.30.

Get Our Latest Report on HR

Healthcare Realty Trust Profile

(Free Report)

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.

Further Reading

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Institutional Ownership by Quarter for Healthcare Realty Trust (NYSE:HR)

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