Federated Hermes Inc. Purchases 5,411 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Federated Hermes Inc. increased its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,169 shares of the real estate investment trust’s stock after acquiring an additional 5,411 shares during the quarter. Federated Hermes Inc.’s holdings in Healthcare Realty Trust were worth $1,485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HR. Rush Island Management LP grew its stake in shares of Healthcare Realty Trust by 43.7% during the third quarter. Rush Island Management LP now owns 11,010,401 shares of the real estate investment trust’s stock worth $168,129,000 after acquiring an additional 3,350,506 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Healthcare Realty Trust by 23.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 7,084,221 shares of the real estate investment trust’s stock worth $108,176,000 after purchasing an additional 1,360,105 shares during the last quarter. Beach Investment Counsel Inc. PA increased its stake in Healthcare Realty Trust by 148.6% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock valued at $29,136,000 after purchasing an additional 1,010,841 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Healthcare Realty Trust by 35.9% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 2,650,000 shares of the real estate investment trust’s stock valued at $40,466,000 after purchasing an additional 700,000 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC raised its holdings in shares of Healthcare Realty Trust by 33.9% in the third quarter. Lasalle Investment Management Securities LLC now owns 2,615,356 shares of the real estate investment trust’s stock worth $39,936,000 after buying an additional 662,047 shares during the last quarter.

Healthcare Realty Trust Trading Up 0.7 %

Shares of NYSE:HR opened at $14.24 on Tuesday. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month high of $20.32. The business has a 50 day moving average of $13.76 and a two-hundred day moving average of $15.07. The company has a market capitalization of $5.43 billion, a PE ratio of -19.24 and a beta of 0.79.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The firm had revenue of $330.40 million for the quarter, compared to analysts’ expectations of $334.32 million. During the same period last year, the firm earned $0.42 earnings per share. Healthcare Realty Trust’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts predict that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 8.71%. The ex-dividend date was Friday, February 23rd. Healthcare Realty Trust’s payout ratio is currently -167.57%.

Wall Street Analysts Forecast Growth

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

Healthcare Realty Trust Company 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.