Comerica Bank Increases Stake in Healthcare Realty Trust Incorporated (HR)
Comerica Bank grew its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 95,622 shares of the real estate investment trust’s stock after buying an additional 5,710 shares during the period. Comerica Bank owned 0.08% of Healthcare Realty Trust worth $3,092,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new stake in Healthcare Realty Trust during the 2nd quarter worth $113,000. Pacad Investment Ltd. boosted its position in Healthcare Realty Trust by 41.2% during the 2nd quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 1,400 shares during the period. Huntington National Bank boosted its position in Healthcare Realty Trust by 36.7% during the 2nd quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 1,393 shares during the period. PNC Financial Services Group Inc. boosted its position in Healthcare Realty Trust by 1.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 72 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in Healthcare Realty Trust by 0.7% during the 2nd quarter. Neuberger Berman Group LLC now owns 6,267 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 46 shares during the period. 95.93% of the stock is owned by institutional investors.
In other news, Director John Knox Singleton acquired 3,074 shares of the business’s stock in a transaction on Friday, November 10th. The shares were purchased at an average price of $32.55 per share, for a total transaction of $100,058.70. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.85% of the company’s stock.
Shares of Healthcare Realty Trust Incorporated (NYSE HR) traded down $0.10 during mid-day trading on Tuesday, reaching $32.73. 696,000 shares of the company’s stock were exchanged, compared to its average volume of 729,402. Healthcare Realty Trust Incorporated has a 52-week low of $28.38 and a 52-week high of $36.25. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a market cap of $4,100.14, a price-to-earnings ratio of 20.91, a P/E/G ratio of 5.24 and a beta of 0.32.
Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Healthcare Realty Trust had a return on equity of 6.62% and a net margin of 26.70%. The firm had revenue of $106.95 million during the quarter, compared to analyst estimates of $108.97 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts predict that Healthcare Realty Trust Incorporated will post 1.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.67%. Healthcare Realty Trust’s dividend payout ratio is currently 123.71%.
A number of brokerages recently weighed in on HR. TheStreet cut shares of Healthcare Realty Trust from a “b” rating to a “c+” rating in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Mizuho reaffirmed a “hold” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a research report on Sunday, November 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a research report on Friday, November 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.29.
WARNING: This piece was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/comerica-bank-increases-stake-in-healthcare-realty-trust-incorporated-hr/1730952.html.
Healthcare Realty Trust Company Profile
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
Receive News & Ratings for Healthcare Realty Trust Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Healthcare Realty Trust Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.