77,800 Shares in Healthcare Realty Trust Incorporated $HR Acquired by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 77,800 shares of the real estate investment trust’s stock, valued at approximately $1,380,000.

Several other large investors also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System lifted its holdings in shares of Healthcare Realty Trust by 24.4% in the third quarter. Maryland State Retirement & Pension System now owns 20,556 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 4,026 shares in the last quarter. AMG National Trust Bank acquired a new position in Healthcare Realty Trust during the third quarter valued at $314,000. New York Life Investment Management LLC acquired a new position in Healthcare Realty Trust during the third quarter valued at $919,000. Brighton Jones LLC purchased a new stake in Healthcare Realty Trust in the 3rd quarter worth about $442,000. Finally, Kestra Advisory Services LLC lifted its stake in Healthcare Realty Trust by 20.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 23,100 shares of the real estate investment trust’s stock worth $410,000 after acquiring an additional 3,851 shares in the last quarter.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR opened at $19.24 on Thursday. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of -137.40 and a beta of 0.92. The business has a 50 day simple moving average of $18.17 and a 200 day simple moving average of $18.90. Healthcare Realty Trust Incorporated has a 52 week low of $16.31 and a 52 week high of $22.04.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.46). The firm had revenue of $286.64 million during the quarter, compared to analyst estimates of $275.27 million. Healthcare Realty Trust had a negative return on equity of 1.02% and a negative net margin of 3.96%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 EPS. On average, analysts predict that Healthcare Realty Trust Incorporated will post 1.66 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.96 annualized dividend and a dividend yield of 5.0%. Healthcare Realty Trust’s dividend payout ratio is -685.71%.

Wall Street Analysts Forecast Growth

HR has been the subject of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Healthcare Realty Trust in a research report on Wednesday, October 28th. Deutsche Bank raised shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the stock from $18.00 to $23.00 in a research report on Tuesday, October 20th. Royal Bank Of Canada raised their price target on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Jefferies Financial Group started coverage on shares of Healthcare Realty Trust in a report on Tuesday, September 15th. They set a “hold” rating and a $20.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Healthcare Realty Trust from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, October 19th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.55.

Insider Buying and Selling at Healthcare Realty Trust

In related news, COO Robert Hull sold 21,000 shares of Healthcare Realty Trust stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $19.11, for a total value of $401,310.00. Following the completion of the sale, the chief operating officer owned 276,338 shares of the company’s stock, valued at approximately $5,280,819.18. The trade was a 7.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust Incorporated is a real estate investment trust that owns, leases, and operates healthcare properties, with a focus on outpatient medical buildings. Its tenants include health systems, physician groups, and other healthcare providers. The company’s activities include leasing and managing medical office space, as well as acquiring and developing properties. Many of its buildings are located near hospitals or other healthcare campuses, supporting providers’ outpatient services.