Federated Hermes Inc. Boosts Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Federated Hermes Inc. lifted its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,169 shares of the real estate investment trust’s stock after buying an additional 5,411 shares during the period. Federated Hermes Inc.’s holdings in Healthcare Realty Trust were worth $1,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB boosted its position in Healthcare Realty Trust by 18.3% during the 4th quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust’s stock valued at $33,405,000 after buying an additional 297,603 shares during the period. New York Life Investment Management LLC boosted its holdings in shares of Healthcare Realty Trust by 81.3% during the third quarter. New York Life Investment Management LLC now owns 47,537 shares of the real estate investment trust’s stock worth $726,000 after purchasing an additional 21,315 shares during the period. Beach Investment Counsel Inc. PA boosted its holdings in shares of Healthcare Realty Trust by 148.6% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock worth $29,136,000 after purchasing an additional 1,010,841 shares during the period. Raymond James & Associates grew its stake in shares of Healthcare Realty Trust by 3.3% in the third quarter. Raymond James & Associates now owns 945,489 shares of the real estate investment trust’s stock worth $14,438,000 after purchasing an additional 30,349 shares during the last quarter. Finally, Barclays PLC raised its position in Healthcare Realty Trust by 28.5% during the 3rd quarter. Barclays PLC now owns 540,973 shares of the real estate investment trust’s stock valued at $8,259,000 after purchasing an additional 120,030 shares during the last quarter.

Healthcare Realty Trust Trading Up 0.7 %

Healthcare Realty Trust stock opened at $14.24 on Tuesday. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $20.32. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of -19.24 and a beta of 0.79. The business’s fifty day simple moving average is $13.76 and its two-hundred day simple moving average is $15.07.

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

Healthcare Realty Trust Dividend Announcement

The company 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. This represents a $1.24 annualized dividend and a dividend yield of 8.71%. The ex-dividend date was Friday, February 23rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -167.57%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HR. JPMorgan Chase & Co. decreased their target price 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. Wells Fargo & Company lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 target price for the company. Wedbush lowered Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Healthcare Realty Trust currently has an average rating of “Hold” and an average target price of $17.20.

Healthcare Realty Trust Company Profile

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.