Kavar Capital Partners LLC acquired a new stake in Healthcare Realty Trust Inc (NYSE:HR) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,800 shares of the real estate investment trust’s stock, valued at approximately $56,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Berman Capital Advisors LLC grew its holdings in Healthcare Realty Trust by 71.7% during the 1st quarter. Berman Capital Advisors LLC now owns 812 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 339 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Healthcare Realty Trust during the 1st quarter valued at about $39,000. Steward Partners Investment Advisory LLC purchased a new position in Healthcare Realty Trust during the 2nd quarter valued at about $46,000. Synovus Financial Corp grew its holdings in Healthcare Realty Trust by 1,566.7% during the 1st quarter. Synovus Financial Corp now owns 2,500 shares of the real estate investment trust’s stock valued at $80,000 after buying an additional 2,350 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in Healthcare Realty Trust by 1,297.2% during the 1st quarter. Quadrant Capital Group LLC now owns 4,415 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 4,099 shares in the last quarter. Institutional investors and hedge funds own 94.58% of the company’s stock.
A number of research firms have weighed in on HR. ValuEngine lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James raised Healthcare Realty Trust from a “mkt perform” rating to an “outperform” rating and set a $34.00 target price for the company in a report on Monday, May 13th. Capital One Financial reaffirmed an “equal weight” rating on shares of Healthcare Realty Trust in a report on Thursday, August 1st. TheStreet lowered Healthcare Realty Trust from a “b-” rating to a “c” rating in a report on Monday, May 6th. Finally, Citigroup initiated coverage on Healthcare Realty Trust in a report on Thursday, June 20th. They set a “neutral” rating and a $34.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.75.
Shares of NYSE HR traded up $0.15 during midday trading on Friday, hitting $33.07. 798,100 shares of the company’s stock were exchanged, compared to its average volume of 696,453. Healthcare Realty Trust Inc has a 12-month low of $26.98 and a 12-month high of $33.51. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 9.38 and a beta of 0.35. The business’s fifty day moving average price is $32.32 and its two-hundred day moving average price is $31.98.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.37). Healthcare Realty Trust had a return on equity of 1.83% and a net margin of 7.08%. The business had revenue of $116.32 million for the quarter, compared to analysts’ expectations of $114.50 million. During the same period in the previous year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts expect that Healthcare Realty Trust Inc will post 1.58 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, August 14th. Healthcare Realty Trust’s payout ratio is 76.43%.
Healthcare Realty Trust Company Profile
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.
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