Fifth Third Bancorp Reduces Stock Holdings in Healthcare Realty Trust Incorporated $HR

Fifth Third Bancorp cut its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,222 shares of the real estate investment trust’s stock after selling 727 shares during the period. Fifth Third Bancorp’s holdings in Healthcare Realty Trust were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new position in Healthcare Realty Trust during the 1st quarter worth $100,817,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Healthcare Realty Trust by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,470,199 shares of the real estate investment trust’s stock worth $92,446,000 after buying an additional 139,019 shares during the last quarter. Northern Trust Corp raised its holdings in Healthcare Realty Trust by 1.0% in the 1st quarter. Northern Trust Corp now owns 4,080,435 shares of the real estate investment trust’s stock worth $68,959,000 after purchasing an additional 39,466 shares during the period. Russell Investments Group Ltd. raised its holdings in Healthcare Realty Trust by 2.5% in the 1st quarter. Russell Investments Group Ltd. now owns 2,841,636 shares of the real estate investment trust’s stock worth $48,023,000 after purchasing an additional 69,114 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Healthcare Realty Trust by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,209,940 shares of the real estate investment trust’s stock valued at $37,348,000 after acquiring an additional 103,277 shares during the last quarter.

Insider Activity

In related news, EVP Julie F. Wilson sold 15,000 shares of the stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the sale, the executive vice president owned 113,419 shares in the company, valued at $2,041,542. This represents a 11.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas N. Bohjalian acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average price of $16.46 per share, for a total transaction of $164,600.00. Following the purchase, the director owned 75,520 shares of the company’s stock, valued at $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Healthcare Realty Trust from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. lowered their price target on 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. Scotiabank upgraded Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $18.00 to $20.00 in a research note on Friday, September 5th. Raymond James Financial cut Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, September 15th. Finally, BTIG Research reissued a “buy” rating and set a $20.00 price target on shares of Healthcare Realty Trust in a report on Monday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus price target of $17.67.

Healthcare Realty Trust Stock Up 1.6%

Shares of NYSE HR opened at $18.04 on Wednesday. The firm has a fifty day moving average of $17.17 and a 200-day moving average of $16.10. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.82. The stock has a market capitalization of $6.34 billion, a PE ratio of -15.69 and a beta of 0.94.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share 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 prior year, the company earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. Equities research analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Thursday, August 14th. Healthcare Realty Trust’s dividend payout ratio is presently -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.