Allianz Asset Management GmbH Grows Stock Holdings in Healthcare Realty Trust Incorporated $HR

Allianz Asset Management GmbH boosted its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 89.9% in the 2nd quarter, Holdings Channel reports. The fund owned 386,628 shares of the real estate investment trust’s stock after purchasing an additional 183,015 shares during the period. Allianz Asset Management GmbH’s holdings in Healthcare Realty Trust were worth $6,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HR. Massachusetts Financial Services Co. MA purchased a new stake in Healthcare Realty Trust in the 1st quarter worth approximately $100,817,000. Centersquare Investment Management LLC purchased a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at $30,834,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at $22,285,000. Nuveen LLC purchased a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at $21,221,000. Finally, Northside Capital Management LLC purchased a new stake in shares of Healthcare Realty Trust during the 2nd quarter valued at $15,707,000.

Insider Transactions at Healthcare Realty Trust

In related news, EVP Julie F. Wilson sold 15,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the sale, the executive vice president owned 113,419 shares in the company, valued at $2,041,542. This represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas N. Bohjalian acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average price of $16.46 per share, for a total transaction of $164,600.00. Following the purchase, the director owned 75,520 shares of the company’s stock, valued at $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.37% of the company’s stock.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $18.55 on Thursday. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.97. The firm has a market capitalization of $6.52 billion, a P/E ratio of -16.13 and a beta of 0.96. The company’s fifty day moving average price is $17.75 and its two-hundred day moving average price is $16.27.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $287.07 million for the quarter, compared to analyst estimates of $290.83 million. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. During the same quarter in the prior year, the business posted $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. On average, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Thursday, August 14th. Healthcare Realty Trust’s dividend payout ratio is -83.48%.

Wall Street Analysts Forecast Growth

HR has been the subject of several research reports. Royal Bank Of Canada initiated coverage on shares of Healthcare Realty Trust in a research note on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 price objective for the company. Wells Fargo & Company raised shares of Healthcare Realty Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $16.00 to $18.00 in a research note on Monday. Raymond James Financial cut shares of Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, September 15th. BTIG Research reissued a “buy” rating and set a $20.00 price objective on shares of Healthcare Realty Trust in a research note on Monday, September 29th. Finally, Cantor Fitzgerald assumed coverage on shares of Healthcare Realty Trust in a research report on Wednesday, October 1st. They set an “overweight” rating and a $23.00 price target for the company. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.75.

About Healthcare Realty Trust

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.