Park Avenue Securities LLC Buys 5,936 Shares of Healthcare Realty Trust Incorporated $HR

Park Avenue Securities LLC grew its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 36.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,419 shares of the real estate investment trust’s stock after acquiring an additional 5,936 shares during the period. Park Avenue Securities LLC’s holdings in Healthcare Realty Trust were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HR. Massachusetts Financial Services Co. MA bought a new position in Healthcare Realty Trust in the 1st quarter worth about $100,817,000. Centersquare Investment Management LLC bought a new position in Healthcare Realty Trust in the 1st quarter worth about $30,834,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Healthcare Realty Trust in the 1st quarter worth about $22,285,000. Nuveen LLC bought a new position in shares of Healthcare Realty Trust during the first quarter valued at approximately $21,221,000. Finally, Gotham Asset Management LLC boosted its stake in shares of Healthcare Realty Trust by 34.7% during the first quarter. Gotham Asset Management LLC now owns 1,251,215 shares of the real estate investment trust’s stock valued at $21,146,000 after purchasing an additional 322,288 shares in the last quarter.

Healthcare Realty Trust Trading Up 1.6%

NYSE HR opened at $18.04 on Wednesday. The company has a fifty day simple moving average of $17.17 and a two-hundred day simple moving average of $16.10. The stock has a market cap of $6.34 billion, a P/E ratio of -15.69 and a beta of 0.94. Healthcare Realty Trust Incorporated has a 12-month low of $14.09 and a 12-month high of $18.82.

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

Healthcare Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Thursday, August 14th were issued a $0.24 dividend. 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 5.3%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -83.48%.

Insiders Place Their Bets

In related news, EVP Julie F. Wilson sold 15,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $270,000.00. Following the completion of the transaction, the executive vice president owned 113,419 shares of the company’s stock, valued at $2,041,542. This trade represents a 11.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas N. Bohjalian bought 10,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $16.46 per share, with a total value of $164,600.00. Following the acquisition, the director owned 75,520 shares of the company’s stock, valued at $1,243,059.20. The trade was 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 analysts have recently issued reports on the stock. Scotiabank upgraded shares of 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 downgraded shares of Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. dropped their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, June 26th. Wells Fargo & Company increased their price objective 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. Finally, BTIG Research reiterated a “buy” rating and set a $20.00 price objective on shares of Healthcare Realty Trust in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.67.

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.