Global Financial Private Client LLC Has $285,000 Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Global Financial Private Client LLC lowered its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 12.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,276 shares of the real estate investment trust’s stock after selling 2,500 shares during the period. Global Financial Private Client LLC’s holdings in Healthcare Realty Trust were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HR. International Assets Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust during the 4th quarter worth $45,000. Federated Hermes Inc. increased its holdings in Healthcare Realty Trust by 6.7% in the 4th quarter. Federated Hermes Inc. now owns 86,169 shares of the real estate investment trust’s stock valued at $1,485,000 after buying an additional 5,411 shares during the period. CWM LLC raised its position in shares of Healthcare Realty Trust by 24.5% in the 4th quarter. CWM LLC now owns 16,939 shares of the real estate investment trust’s stock valued at $292,000 after buying an additional 3,329 shares in the last quarter. Naviter Wealth LLC bought a new stake in shares of Healthcare Realty Trust during the 4th quarter worth approximately $205,000. Finally, Van ECK Associates Corp lifted its holdings in shares of Healthcare Realty Trust by 14.4% during the 4th quarter. Van ECK Associates Corp now owns 143,779 shares of the real estate investment trust’s stock worth $2,477,000 after acquiring an additional 18,127 shares during the period.

Healthcare Realty Trust Stock Performance

Shares of HR traded up $0.19 during trading hours on Friday, reaching $17.80. The stock had a trading volume of 2,499,938 shares, compared to its average volume of 3,484,482. The stock has a market capitalization of $6.74 billion, a PE ratio of -13.38 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $18.33. The company’s 50-day moving average is $17.41 and its two-hundred day moving average is $15.64.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.77). The firm had revenue of $316.30 million for the quarter, compared to the consensus estimate of $317.90 million. Healthcare Realty Trust had a negative return on equity of 7.22% and a negative net margin of 37.53%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. Equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.97%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian bought 9,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $17.39 per share, with a total value of $156,510.00. Following the acquisition, the director now owns 22,252 shares of the company’s stock, valued at $386,962.28. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on HR. Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $17.00 to $16.00 in a research report on Tuesday, July 30th. Scotiabank upped their price objective on Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Finally, Wedbush raised their price objective on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.00.

About Healthcare Realty Trust

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.