Healthcare Realty Trust Incorporated $HR Position Reduced by Royal Bank of Canada

Royal Bank of Canada reduced its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 16.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,032 shares of the real estate investment trust’s stock after selling 43,319 shares during the period. Royal Bank of Canada owned about 0.06% of Healthcare Realty Trust worth $3,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HR. PGGM Investments acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at about $113,389,000. Resolution Capital Ltd grew its stake in Healthcare Realty Trust by 72.4% in the first quarter. Resolution Capital Ltd now owns 14,034,367 shares of the real estate investment trust’s stock worth $238,444,000 after purchasing an additional 5,892,501 shares in the last quarter. Invesco Ltd. grew its stake in Healthcare Realty Trust by 233.8% in the third quarter. Invesco Ltd. now owns 7,700,760 shares of the real estate investment trust’s stock worth $138,845,000 after purchasing an additional 5,393,651 shares in the last quarter. Norges Bank bought a new stake in Healthcare Realty Trust in the fourth quarter valued at about $62,154,000. Finally, Jupiter Asset Management Ltd. bought a new stake in Healthcare Realty Trust in the fourth quarter valued at about $31,810,000.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Royal Bank Of Canada increased their target price on Healthcare Realty Trust from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. UBS Group boosted their price target on Healthcare Realty Trust from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Scotiabank upped their price target on Healthcare Realty Trust from $20.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Weiss Ratings upgraded Healthcare Realty Trust from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.00.

Insider Transactions at Healthcare Realty Trust

In other news, CAO Amanda L. Callaway sold 25,767 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $20.37, for a total transaction of $524,873.79. Following the completion of the transaction, the chief accounting officer owned 109,954 shares of the company’s stock, valued at approximately $2,239,762.98. The trade was a 18.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Trading Up 0.1%

NYSE:HR opened at $19.23 on Friday. The firm has a market capitalization of $6.59 billion, a PE ratio of -73.98 and a beta of 0.97. The stock has a 50 day moving average of $20.53 and a 200-day moving average of $19.13. Healthcare Realty Trust Incorporated has a 52 week low of $16.23 and a 52 week high of $22.04.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.53). Healthcare Realty Trust had a negative return on equity of 1.91% and a negative net margin of 7.59%.The company had revenue of $278.58 million during the quarter, compared to the consensus estimate of $271.60 million. During the same period last year, the business posted $0.41 EPS. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Healthcare Realty Trust has set its FY 2026 guidance at 1.620-1.660 EPS. As a group, analysts predict that Healthcare Realty Trust Incorporated will post 1.64 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Tuesday, August 11th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, August 11th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -369.23%.

Healthcare Realty Trust Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.