Raymond James Financial Services Advisors Inc. Buys 2,364 Shares of Healthcare Realty Trust Inc (HR)
Raymond James Financial Services Advisors Inc. boosted its stake in Healthcare Realty Trust Inc (NYSE:HR) by 19.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,837 shares of the real estate investment trust’s stock after purchasing an additional 2,364 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Healthcare Realty Trust were worth $477,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Macquarie Group Ltd. grew its holdings in Healthcare Realty Trust by 1.5% during the 3rd quarter. Macquarie Group Ltd. now owns 1,963,775 shares of the real estate investment trust’s stock worth $63,508,000 after acquiring an additional 28,287 shares during the period. Dimensional Fund Advisors LP grew its holdings in Healthcare Realty Trust by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,682,022 shares of the real estate investment trust’s stock worth $54,397,000 after acquiring an additional 45,645 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Healthcare Realty Trust by 7.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,677,757 shares of the real estate investment trust’s stock worth $53,890,000 after acquiring an additional 112,412 shares during the period. Russell Investments Group Ltd. grew its holdings in Healthcare Realty Trust by 9.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,143,443 shares of the real estate investment trust’s stock worth $36,979,000 after acquiring an additional 101,476 shares during the period. Finally, American Century Companies Inc. acquired a new stake in Healthcare Realty Trust during the 4th quarter worth about $18,639,000. Institutional investors and hedge funds own 98.19% of the company’s stock.
A number of brokerages have weighed in on HR. Zacks Investment Research downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. BMO Capital Markets downgraded Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $33.00 price target for the company. in a report on Tuesday, January 9th. KeyCorp reiterated an “equal weight” rating on shares of Healthcare Realty Trust in a report on Friday, December 22nd. SunTrust Banks set a $30.00 price target on Healthcare Realty Trust and gave the stock a “hold” rating in a report on Thursday, February 15th. Finally, Mizuho reissued a “hold” rating and set a $29.00 price objective on shares of Healthcare Realty Trust in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.50.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Healthcare Realty Trust had a net margin of 5.44% and a return on equity of 1.33%. The business had revenue of $107.70 million during the quarter, compared to analysts’ expectations of $109.91 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. equities analysts predict that Healthcare Realty Trust Inc will post 1.63 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Friday, February 23rd were paid a $0.30 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 4.32%. Healthcare Realty Trust’s dividend payout ratio is 571.43%.
In related news, insider Todd J. Meredith sold 4,720 shares of Healthcare Realty Trust stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $32.77, for a total value of $154,674.40. Following the completion of the transaction, the insider now directly owns 414,981 shares in the company, valued at approximately $13,598,927.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert E. Hull sold 1,495 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $33.87, for a total transaction of $50,635.65. Following the transaction, the executive vice president now owns 94,796 shares of the company’s stock, valued at $3,210,740.52. The disclosure for this sale can be found here. Insiders sold a total of 10,209 shares of company stock valued at $336,553 over the last quarter. 1.85% of the stock is owned by company insiders.
Healthcare Realty Trust 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.
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