Point72 Asia Singapore Pte. Ltd. Acquires Shares of 16,464 Healthcare Realty Trust Incorporated (NYSE:HR)

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,464 shares of the real estate investment trust’s stock, valued at approximately $271,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Muzinich & Co. Inc. raised 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 valued at $38,000 after purchasing an additional 1,079 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position 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 buying an additional 628 shares during the period. Quarry LP acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC lifted its position in shares of Healthcare Realty Trust by 260.6% during the 2nd 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 position in Healthcare Realty Trust in the fourth quarter valued at $85,000.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company reiterated an “underweight” rating and issued a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a research note on Tuesday. Wedbush raised their price objective 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. Finally, Scotiabank boosted their target price on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.13.

Insider Activity at Healthcare Realty Trust

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

Healthcare Realty Trust Stock Down 1.4 %

HR opened at $17.90 on Wednesday. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $18.90. The firm has a market cap of $6.78 billion, a P/E ratio of -13.46 and a beta of 0.91. The business’s fifty day simple moving average is $17.87 and its 200 day simple moving average is $16.33.

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

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 6.93%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

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.