Wellington Management Group LLP Invests $533,000 in Healthcare Realty Trust Incorporated $HR

Wellington Management Group LLP acquired a new position in Healthcare Realty Trust Incorporated (NYSE:HR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,512 shares of the real estate investment trust’s stock, valued at approximately $533,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HR. Golden State Wealth Management LLC purchased a new position in Healthcare Realty Trust during the first quarter valued at $26,000. Lazard Asset Management LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $45,000. Financial Gravity Asset Management Inc. purchased a new position in Healthcare Realty Trust during the first quarter valued at $48,000. UMB Bank n.a. grew its stake in Healthcare Realty Trust by 73.3% during the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,279 shares in the last quarter. Finally, Avalon Trust Co purchased a new position in Healthcare Realty Trust during the first quarter valued at $53,000.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $16.46 per share, with a total value of $164,600.00. Following the purchase, the director owned 75,520 shares in the company, valued at approximately $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

HR has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Wednesday, August 27th. Wall Street Zen cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. Scotiabank raised their target price on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Thursday. Wedbush cut their target price on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, June 26th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $16.80.

Healthcare Realty Trust Trading Up 0.2%

HR stock opened at $17.40 on Tuesday. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.90. The company has a 50-day moving average price of $16.34 and a 200 day moving average price of $15.91. The stock has a market cap of $6.12 billion, a PE ratio of -15.13 and a beta of 0.94.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. The firm had revenue of $287.07 million during the quarter, compared to analysts’ expectations of $290.83 million. During the same period in the previous year, the company earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. Sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Thursday, August 14th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.5%. Healthcare Realty Trust’s payout ratio is currently -83.48%.

Healthcare Realty Trust Company 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.