Harbor Capital Advisors Inc. Boosts Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Harbor Capital Advisors Inc. lifted its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 16.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,945 shares of the real estate investment trust’s stock after purchasing an additional 695 shares during the period. Harbor Capital Advisors Inc.’s holdings in Healthcare Realty Trust were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HR. Allworth Financial LP boosted its holdings in shares of Healthcare Realty Trust by 118.8% during the fourth quarter. Allworth Financial LP now owns 5,152 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 2,797 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in shares of Healthcare Realty Trust by 14.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 14,885 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 1,924 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Healthcare Realty Trust by 131.8% during the fourth quarter. New York State Common Retirement Fund now owns 386,679 shares of the real estate investment trust’s stock worth $6,554,000 after purchasing an additional 219,848 shares during the period. Ieq Capital LLC purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $659,000. Finally, Hudson Edge Investment Partners Inc. boosted its holdings in shares of Healthcare Realty Trust by 22.1% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 39,185 shares of the real estate investment trust’s stock worth $664,000 after purchasing an additional 7,101 shares during the period.

Insider Activity

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 2,500 shares of the stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the acquisition, the director now owns 56,502 shares of the company’s stock, valued at approximately $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HR. Scotiabank dropped their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price objective on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, June 2nd. Wedbush lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Finally, Wall Street Zen lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Healthcare Realty Trust has an average rating of “Hold” and an average price target of $16.80.

Healthcare Realty Trust Price Performance

Shares of HR opened at $14.93 on Monday. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.90. The company has a 50-day simple moving average of $15.06 and a two-hundred day simple moving average of $16.19. The firm has a market capitalization of $5.25 billion, a PE ratio of -8.39 and a beta of 0.88.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The firm had revenue of $288.86 million during the quarter, compared to analyst estimates of $297.39 million. During the same period last year, the business earned $0.39 earnings per share. The business’s revenue was down 9.2% on a year-over-year basis. Analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, May 12th. This represents a $1.24 annualized dividend and a dividend yield of 8.31%. Healthcare Realty Trust’s payout ratio is -113.76%.

Healthcare Realty Trust Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.