Pzena Investment Management LLC Buys 2,225,430 Shares of Healthcare Realty Trust Incorporated $HR

Pzena Investment Management LLC bought a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 2,225,430 shares of the real estate investment trust’s stock, valued at approximately $39,479,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of HR. Fifth Third Bancorp increased its stake in Healthcare Realty Trust by 1,293.6% during the first quarter. Fifth Third Bancorp now owns 295,660 shares of the real estate investment trust’s stock valued at $5,023,000 after acquiring an additional 274,445 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Healthcare Realty Trust in the 1st quarter valued at approximately $6,490,000. NEOS Investment Management LLC bought a new stake in shares of Healthcare Realty Trust in the 2nd quarter valued at approximately $2,214,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Healthcare Realty Trust in the 2nd quarter worth approximately $3,070,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Healthcare Realty Trust by 8.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,190,084 shares of the real estate investment trust’s stock worth $24,004,000 after buying an additional 92,102 shares in the last quarter.

Analysts Set New Price Targets

HR has been the topic of several recent analyst reports. Wells Fargo & Company decreased their price target on Healthcare Realty Trust from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Healthcare Realty Trust in a research note on Wednesday, October 28th. Royal Bank Of Canada lifted their price objective on Healthcare Realty Trust from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, UBS Group reduced 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 note on Tuesday, October 13th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.36.

Insider Transactions at Healthcare Realty Trust

In other Healthcare Realty Trust 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 value of $401,310.00. Following the transaction, the chief operating officer directly owned 276,338 shares in the company, valued at approximately $5,280,819.18. This trade represents a 7.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Trading Up 1.6%

Shares of NYSE HR opened at $19.49 on Thursday. Healthcare Realty Trust Incorporated has a 1-year low of $16.31 and a 1-year high of $22.04. The company has a market cap of $6.68 billion, a PE ratio of -139.19 and a beta of 0.92. The company has a 50-day moving average of $18.17 and a two-hundred day moving average of $18.84.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, October 29th. The real estate investment trust reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.41 by ($0.46). The company had revenue of $286.64 million for the quarter, compared to the consensus estimate of $275.27 million. Healthcare Realty Trust had a negative net margin of 3.96% and a negative return on equity of 1.02%. Healthcare Realty Trust’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. As a group, equities research analysts forecast that Healthcare Realty Trust Incorporated will post 1.66 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.96 annualized dividend and a yield of 4.9%. Healthcare Realty Trust’s dividend payout ratio is currently -685.71%.

Healthcare Realty Trust Profile

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.