State of New Jersey Common Pension Fund D Lowers Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

State of New Jersey Common Pension Fund D trimmed its stake in Healthcare Realty Trust Incorporated (NYSE:HRGet Rating) by 5.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 81,812 shares of the real estate investment trust’s stock after selling 4,316 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Healthcare Realty Trust were worth $2,248,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH boosted its position in Healthcare Realty Trust by 0.6% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 429,523 shares of the real estate investment trust’s stock valued at $11,803,000 after buying an additional 2,350 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Healthcare Realty Trust in the 1st quarter worth approximately $30,000. Mutual of America Capital Management LLC lifted its position in shares of Healthcare Realty Trust by 2.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 134,551 shares of the real estate investment trust’s stock worth $3,697,000 after purchasing an additional 2,612 shares during the period. SG Americas Securities LLC lifted its position in shares of Healthcare Realty Trust by 213.2% in the 1st quarter. SG Americas Securities LLC now owns 123,662 shares of the real estate investment trust’s stock worth $3,398,000 after purchasing an additional 84,180 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of Healthcare Realty Trust by 0.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 43,919 shares of the real estate investment trust’s stock worth $1,207,000 after purchasing an additional 390 shares during the period. 96.65% of the stock is owned by hedge funds and other institutional investors.

Healthcare Realty Trust Trading Down 1.5 %

Shares of Healthcare Realty Trust stock opened at $25.32 on Thursday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. Healthcare Realty Trust Incorporated has a 12-month low of $23.28 and a 12-month high of $34.83. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 60.29 and a beta of 0.67. The firm’s 50 day simple moving average is $26.38 and its two-hundred day simple moving average is $27.97.

Healthcare Realty Trust (NYSE:HRGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.17). Healthcare Realty Trust had a net margin of 12.13% and a return on equity of 2.90%. The company had revenue of $142.90 million for the quarter, compared to analyst estimates of $144.30 million. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts predict that Healthcare Realty Trust Incorporated will post 1.76 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Thursday, July 14th were paid a dividend of $0.201 per share. The ex-dividend date was Wednesday, July 13th. This represents a $0.80 dividend on an annualized basis and a yield of 3.18%. Healthcare Realty Trust’s payout ratio is 316.67%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HR shares. JPMorgan Chase & Co. started coverage on shares of Healthcare Realty Trust in a research report on Thursday, July 21st. They issued a “neutral” rating for the company. Credit Suisse Group lowered their price target on shares of Healthcare Realty Trust from $34.00 to $29.00 and set an “outperform” rating for the company in a research report on Monday, July 18th. Barclays assumed coverage on shares of Healthcare Realty Trust in a research report on Tuesday, April 26th. They issued an “overweight” rating and a $33.00 price target for the company. Berenberg Bank cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $35.00 to $32.00 in a research report on Tuesday, May 10th. Finally, BMO Capital Markets assumed coverage on shares of Healthcare Realty Trust in a research report on Wednesday, June 22nd. They set a “hold” rating and a $28.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Healthcare Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $31.00.

Healthcare Realty Trust Company Profile

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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.

See Also

Want to see what other hedge funds are holding HR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Healthcare Realty Trust Incorporated (NYSE:HRGet Rating).

Institutional Ownership by Quarter for Healthcare Realty Trust (NYSE:HR)

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