Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 211,989 shares of the real estate investment trust’s stock after buying an additional 12,071 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Healthcare Realty Trust worth $3,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its holdings in Healthcare Realty Trust by 52.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock valued at $154,833,000 after purchasing an additional 3,758,040 shares during the last quarter. Norges Bank purchased a new position in shares of Healthcare Realty Trust during the fourth quarter worth $59,352,000. Waterfront Capital Partners LLC acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at $51,775,000. APG Asset Management US Inc. raised its holdings in shares of Healthcare Realty Trust by 12.0% in the 4th quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock valued at $216,527,000 after buying an additional 1,348,529 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Healthcare Realty Trust by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after acquiring an additional 723,197 shares in the last quarter.

Insider Transactions at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian bought 9,000 shares of Healthcare Realty Trust stock in a transaction dated Monday, August 12th. The stock was acquired at an average cost of $17.39 per share, with a total value of $156,510.00. Following the acquisition, the director now owns 22,252 shares of the company’s stock, valued at $386,962.28. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HR shares. Scotiabank boosted their price target on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $17.00 to $16.00 in a research note on Tuesday, July 30th. Finally, Wedbush raised their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $17.00.

Healthcare Realty Trust Price Performance

NYSE:HR opened at $17.80 on Friday. The firm has a market capitalization of $6.74 billion, a PE ratio of -13.38 and a beta of 0.89. The business’s fifty day moving average price is $17.41 and its 200 day moving average price is $15.64. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $18.33.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). The business had revenue of $316.30 million during the quarter, compared to analysts’ expectations of $317.90 million. Healthcare Realty Trust had a negative net margin of 37.53% and a negative return on equity of 7.22%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were paid a $0.31 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.24 annualized dividend and a yield of 6.97%. Healthcare Realty Trust’s dividend payout ratio is presently -93.23%.

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.