Mirae Asset Global Investments Co. Ltd. Lowers Holdings in Healthcare Realty Trust Incorporated $HR

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 24.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,907 shares of the real estate investment trust’s stock after selling 2,187 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Healthcare Realty Trust were worth $110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HR. Massachusetts Financial Services Co. MA purchased a new stake in Healthcare Realty Trust during the 1st quarter valued at about $100,817,000. Charles Schwab Investment Management Inc. lifted 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 in the last quarter. Northern Trust Corp lifted its stake in shares of Healthcare Realty Trust by 1.0% in the first quarter. Northern Trust Corp now owns 4,080,435 shares of the real estate investment trust’s stock worth $68,959,000 after buying an additional 39,466 shares in the last quarter. 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 acquiring an additional 69,114 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Healthcare Realty Trust by 4.9% in the 1st 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 worth $37,348,000 after acquiring an additional 103,277 shares during the last quarter.

Analysts Set New Price Targets

HR has been the subject of a number of research analyst reports. Royal Bank Of Canada initiated coverage on Healthcare Realty Trust in a report on Wednesday. They issued a “sector perform” rating and a $19.00 target price for the company. Cantor Fitzgerald started coverage on Healthcare Realty Trust in a research report on Wednesday, October 1st. They set an “overweight” rating and a $23.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Healthcare Realty Trust in a research report on Wednesday. BTIG Research restated a “buy” rating and set a $20.00 target price on shares of Healthcare Realty Trust in a research note on Monday, September 29th. Finally, Scotiabank upgraded shares of Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $18.00 to $20.00 in a research note on Friday, September 5th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Healthcare Realty Trust Trading Up 1.2%

Shares of NYSE:HR opened at $17.91 on Friday. The company has a market cap of $6.30 billion, a PE ratio of -15.57 and a beta of 0.96. Healthcare Realty Trust Incorporated has a 12-month low of $14.09 and a 12-month high of $18.82. The stock has a 50 day moving average of $17.48 and a 200 day moving average of $16.17.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $290.83 million. During the same period last year, the firm earned $0.38 EPS. Healthcare Realty Trust has set its FY 2025 guidance at 1.570-1.610 EPS. Equities research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors 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 yield of 5.4%. Healthcare Realty Trust’s payout ratio is currently -83.48%.

Insider Buying and Selling

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were bought 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 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 through this link. Also, EVP Julie F. Wilson sold 15,000 shares of Healthcare Realty Trust stock in a transaction that occurred 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 sale, the executive vice president owned 113,419 shares in the company, valued at approximately $2,041,542. The trade was a 11.68% decrease in their position. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by insiders.

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.