Healthcare Realty Trust (NYSE:HR) Sees Large Volume Increase

Posted by on Jun 16th, 2022

Healthcare Realty Trust Incorporated (NYSE:HR – Get Rating) shares saw an uptick in trading volume on Thursday . 173,601 shares traded hands during trading, a decline of 95% from the previous session’s volume of 3,203,740 shares.The stock last traded at $27.02 and had previously closed at $25.72.

HR has been the topic of several research analyst reports. Barclays started coverage on Healthcare Realty Trust in a research note on Tuesday, April 26th. They issued an “overweight” rating and a $33.00 price objective on the stock. StockNews.com assumed coverage on shares of Healthcare Realty Trust in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Capital One Financial initiated coverage on shares of Healthcare Realty Trust in a research report on Friday, June 3rd. They set an “overweight” rating and a $33.00 price target for the company. Finally, Berenberg Bank lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $35.00 to $32.00 in a report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $33.00.

The business’s fifty day moving average price is $28.13 and its two-hundred day moving average price is $29.34. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $4.14 billion, a P/E ratio of 45.93 and a beta of 0.60.

Healthcare Realty Trust (NYSE:HR – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.17). The firm had revenue of $142.90 million for the quarter, compared to analysts’ expectations of $144.30 million. Healthcare Realty Trust had a return on equity of 3.94% and a net margin of 15.50%. Healthcare Realty Trust’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 earnings per share. As a group, analysts forecast that Healthcare Realty Trust Incorporated will post 1.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Monday, May 16th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, May 13th. This represents a $1.24 annualized dividend and a dividend yield of 4.55%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 221.43%.

Several hedge funds have recently added to or reduced their stakes in HR. Invesco Ltd. raised its position in shares of Healthcare Realty Trust by 479.6% in the first quarter. Invesco Ltd. now owns 5,767,849 shares of the real estate investment trust’s stock valued at $158,500,000 after buying an additional 4,772,676 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Healthcare Realty Trust during the first quarter valued at about $113,048,000. Ceredex Value Advisors LLC acquired a new stake in shares of Healthcare Realty Trust during the first quarter valued at about $76,409,000. Nuance Investments LLC increased its position in shares of Healthcare Realty Trust by 55.7% during the first quarter. Nuance Investments LLC now owns 7,453,407 shares of the real estate investment trust’s stock valued at $204,820,000 after acquiring an additional 2,667,613 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at about $77,282,000. 96.65% of the stock is currently owned by institutional investors and hedge funds.

Healthcare Realty Trust Company Profile (NYSE:HR)

Healthcare Realty Trust is a real estate investment trust that integrates owning, managing, financing and developing income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States. As of September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.

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