Healthcare Realty Trust Inc (HR) Position Reduced by Vident Investment Advisory LLC
Vident Investment Advisory LLC cut its holdings in Healthcare Realty Trust Inc (NYSE:HR) by 38.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,241 shares of the real estate investment trust’s stock after selling 5,117 shares during the period. Vident Investment Advisory LLC’s holdings in Healthcare Realty Trust were worth $240,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Paloma Partners Management Co acquired a new position in Healthcare Realty Trust in the second quarter valued at approximately $293,000. Morgan Stanley lifted its stake in Healthcare Realty Trust by 0.6% during the second quarter. Morgan Stanley now owns 4,931,625 shares of the real estate investment trust’s stock worth $143,412,000 after purchasing an additional 28,062 shares in the last quarter. Voya Investment Management LLC lifted its stake in Healthcare Realty Trust by 976.0% during the second quarter. Voya Investment Management LLC now owns 571,127 shares of the real estate investment trust’s stock worth $16,609,000 after purchasing an additional 518,049 shares in the last quarter. Raymond James & Associates acquired a new position in Healthcare Realty Trust during the second quarter worth $361,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in Healthcare Realty Trust during the second quarter worth $1,416,000. Hedge funds and other institutional investors own 93.62% of the company’s stock.
In other news, EVP John M. Bryant, Jr. sold 2,561 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $30.56, for a total transaction of $78,264.16. Following the sale, the executive vice president now owns 146,795 shares of the company’s stock, valued at $4,486,055.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.79% of the stock is currently owned by corporate insiders.
Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). Healthcare Realty Trust had a return on equity of 0.72% and a net margin of 2.95%. The company had revenue of $111.60 million for the quarter, compared to analysts’ expectations of $111.00 million. During the same period in the prior year, the company posted $0.39 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. analysts predict that Healthcare Realty Trust Inc will post 1.59 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 30th. Stockholders of record on Wednesday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, August 14th. Healthcare Realty Trust’s dividend payout ratio is currently 78.43%.
HR has been the topic of a number of research reports. Morgan Stanley decreased their price target on Healthcare Realty Trust from $32.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, June 14th. Capital One Financial initiated coverage on Healthcare Realty Trust in a research note on Thursday, June 28th. They set an “equal weight” rating and a $30.00 price target on the stock. ValuEngine upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Finally, Mizuho restated a “hold” rating and set a $28.00 price target on shares of Healthcare Realty Trust in a research note on Monday, August 13th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Healthcare Realty Trust currently has an average rating of “Hold” and a consensus price target of $29.25.
Healthcare Realty Trust Profile
Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of June 30, 2018, the Company owned 201 real estate properties in 27 states totaling 14.9 million square feet and was valued at approximately $5.0 billion.
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