Pensionfund DSM Netherlands raised its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 110.0% in the first quarter, HoldingsChannel reports. The fund owned 47,719 shares of the real estate investment trust’s stock after purchasing an additional 25,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Healthcare Realty Trust were worth $1,447,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in HR. Principal Financial Group Inc. boosted its position in shares of Healthcare Realty Trust by 545.4% during the fourth quarter. Principal Financial Group Inc. now owns 5,814,620 shares of the real estate investment trust’s stock valued at $172,114,000 after buying an additional 4,913,675 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Healthcare Realty Trust by 332.4% during the fourth quarter. JPMorgan Chase & Co. now owns 3,768,486 shares of the real estate investment trust’s stock valued at $111,547,000 after buying an additional 2,897,042 shares during the last quarter. Norges Bank purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $40,221,000. BlackRock Inc. lifted its holdings in Healthcare Realty Trust by 3.9% during the fourth quarter. BlackRock Inc. now owns 19,650,460 shares of the real estate investment trust’s stock worth $581,654,000 after acquiring an additional 731,537 shares during the period. Finally, Waterfront Capital Partners LLC lifted its holdings in Healthcare Realty Trust by 138.1% during the fourth quarter. Waterfront Capital Partners LLC now owns 998,353 shares of the real estate investment trust’s stock worth $29,551,000 after acquiring an additional 579,107 shares during the period. 96.63% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Robert E. Hull sold 11,447 shares of the business’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $31.00, for a total transaction of $354,857.00. Following the completion of the transaction, the executive vice president now directly owns 155,287 shares in the company, valued at $4,813,897. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John M. Bryant, Jr. sold 11,476 shares of the business’s stock in a transaction dated Friday, March 12th. The stock was sold at an average price of $30.00, for a total value of $344,280.00. 0.80% of the stock is owned by insiders.
Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, February 10th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.53). Healthcare Realty Trust had a net margin of 23.27% and a return on equity of 6.08%. The company had revenue of $125.88 million during the quarter, compared to analysts’ expectations of $126.70 million. During the same quarter last year, the firm posted $0.41 earnings per share. Healthcare Realty Trust’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Monday, February 22nd were given a dividend of $0.303 per share. This represents a $1.21 annualized dividend and a yield of 3.91%. This is a boost from Healthcare Realty Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 19th. Healthcare Realty Trust’s payout ratio is presently 75.63%.
A number of analysts recently commented on HR shares. Scotiabank started coverage on Healthcare Realty Trust in a report on Thursday, January 28th. They set a “sector perform” rating and a $32.00 price target on the stock. Jefferies Financial Group upgraded Healthcare Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $33.00 in a report on Wednesday, January 13th. Wells Fargo & Company lifted their price target on Healthcare Realty Trust from $29.00 to $31.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 31st. Morgan Stanley lifted their price target on Healthcare Realty Trust from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, March 22nd. Finally, Zacks Investment Research upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 21st. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.00.
Healthcare Realty Trust Company 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 September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.
Further Reading: Are sell-side analysts objective?
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