Healthcare Realty Trust Incorporated (NYSE:HR) Shares Acquired by abrdn plc

abrdn plc grew its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 192.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 247,562 shares of the real estate investment trust’s stock after buying an additional 162,886 shares during the quarter. abrdn plc’s holdings in Healthcare Realty Trust were worth $4,265,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HR. Quent Capital LLC grew its holdings in shares of Healthcare Realty Trust by 47.4% in the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 622 shares during the period. Mastrapasqua Asset Management Inc. grew its holdings in shares of Healthcare Realty Trust by 4.5% in the third quarter. Mastrapasqua Asset Management Inc. now owns 16,690 shares of the real estate investment trust’s stock valued at $255,000 after purchasing an additional 714 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of Healthcare Realty Trust by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 166,819 shares of the real estate investment trust’s stock valued at $2,547,000 after purchasing an additional 840 shares during the period. Orion Portfolio Solutions LLC grew its holdings in shares of Healthcare Realty Trust by 2.6% in the third quarter. Orion Portfolio Solutions LLC now owns 33,928 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 856 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Healthcare Realty Trust by 1.2% in the third quarter. Commonwealth Equity Services LLC now owns 81,214 shares of the real estate investment trust’s stock valued at $1,240,000 after purchasing an additional 953 shares during the period.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $14.14 on Friday. The stock has a market capitalization of $5.39 billion, a P/E ratio of -19.11 and a beta of 0.79. The company has a 50 day moving average price of $13.77 and a 200 day moving average price of $15.07. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $20.32.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). The business had revenue of $330.40 million during the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. On average, research analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 8.77%. Healthcare Realty Trust’s dividend payout ratio is currently -167.57%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price objective for the company. Stifel Nicolaus lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. lowered their target price on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Wells Fargo & Company lowered their target price on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Finally, Wedbush lowered shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.20.

Healthcare Realty Trust Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.