Signaturefd LLC purchased a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,048 shares of the real estate investment trust’s stock, valued at approximately $533,000.
A number of other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp grew its stake in shares of Healthcare Realty Trust by 1,293.6% in the 1st quarter. Fifth Third Bancorp now owns 295,660 shares of the real estate investment trust’s stock valued at $5,023,000 after buying an additional 274,445 shares in the last quarter. Edgestream Partners L.P. bought a new position in Healthcare Realty Trust during the first quarter valued at approximately $6,490,000. NEOS Investment Management LLC bought a new position in Healthcare Realty Trust during the second quarter valued at approximately $2,214,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Healthcare Realty Trust during the second quarter valued at approximately $3,070,000. Finally, Corient Private Wealth LP acquired a new stake in Healthcare Realty Trust in the second quarter valued at approximately $893,000.
Insider Activity at Healthcare Realty Trust
In other news, COO Robert Hull sold 21,000 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $19.11, for a total transaction of $401,310.00. Following the sale, the chief operating officer owned 276,338 shares in the company, valued at approximately $5,280,819.18. This represents a 7.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by insiders.
Analyst Ratings Changes
HR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Healthcare Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $18.00 to $23.00 in a report on Tuesday, October 20th. Royal Bank Of Canada lifted their price objective on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Cantor Fitzgerald upped their price objective on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. UBS Group lowered their target price on shares of Healthcare Realty Trust from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Finally, Jefferies Financial Group started coverage on Healthcare Realty Trust in a report on Tuesday, September 15th. They set a “hold” rating and a $20.00 target price on the stock. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Healthcare Realty Trust currently has an average rating of “Hold” and a consensus price target of $21.36.
Healthcare Realty Trust Trading Up 3.4%
HR opened at $18.13 on Friday. The stock has a market cap of $6.21 billion, a PE ratio of -69.74 and a beta of 0.97. Healthcare Realty Trust Incorporated has a 1 year low of $16.31 and a 1 year high of $22.04. The stock’s 50 day simple moving average is $18.19 and its 200-day simple moving average is $18.81.
Healthcare Realty Trust (NYSE:HR – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.01. Healthcare Realty Trust had a negative net margin of 7.59% and a negative return on equity of 1.91%. The firm had revenue of $286.64 million during the quarter, compared to analyst estimates of $275.27 million. During the same quarter in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Equities analysts forecast that Healthcare Realty Trust Incorporated will post 1.65 earnings per share for the current fiscal year.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated (NYSE: HR) is a real estate investment trust focused on owning, managing, acquiring and developing outpatient healthcare properties. Its portfolio primarily includes medical office buildings, ambulatory surgery centers, outpatient facilities and other properties used by healthcare providers.
The company leases space to health systems, physician groups and other healthcare organizations, with properties generally located on or near hospital campuses and in growing outpatient care settings.
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