Point72 DIFC Ltd Takes $828,000 Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Point72 DIFC Ltd purchased a new position in Healthcare Realty Trust Incorporated (NYSE:HR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 50,259 shares of the real estate investment trust’s stock, valued at approximately $828,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. lifted its stake in Healthcare Realty Trust by 98.1% in the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 1,079 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Healthcare Realty Trust by 38.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 628 shares in the last quarter. Quarry LP purchased a new position in shares of Healthcare Realty Trust during the fourth quarter worth about $39,000. EverSource Wealth Advisors LLC increased its position in shares of Healthcare Realty Trust by 260.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 2,030 shares during the last quarter. Finally, Creekmur Asset Management LLC purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at approximately $85,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented 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. Wedbush boosted their price target on Healthcare Realty Trust from $15.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company cut Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $17.00 to $16.00 in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.00.

Healthcare Realty Trust Stock Down 0.4 %

Shares of HR stock opened at $18.17 on Thursday. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of -13.66 and a beta of 0.91. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $18.90. The business’s fifty day moving average is $17.83 and its 200 day moving average is $16.17.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The business had revenue of $316.30 million for the quarter, compared to the consensus estimate of $317.90 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. Healthcare Realty Trust’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts expect that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio is presently -93.23%.

Insider Transactions at Healthcare Realty Trust

In other news, Director John Knox Singleton purchased 6,500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were bought at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the purchase, the director now directly owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Thomas N. Bohjalian bought 9,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the acquisition, the director now owns 22,252 shares in the company, valued at approximately $386,962.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Knox Singleton bought 6,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the transaction, the director now directly owns 57,082 shares in the company, valued at approximately $1,041,175.68. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 15,728 shares of company stock valued at $279,069. Corporate insiders own 0.56% of the company’s stock.

About Healthcare Realty Trust

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.