Nordea Investment Management AB Buys 64,073 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Nordea Investment Management AB boosted its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HRGet Rating) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 929,852 shares of the real estate investment trust’s stock after purchasing an additional 64,073 shares during the quarter. Nordea Investment Management AB owned about 0.62% of Healthcare Realty Trust worth $25,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HR. Confluence Wealth Services Inc. purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at about $51,000. FourThought Financial LLC raised its stake in Healthcare Realty Trust by 14.8% in the fourth quarter. FourThought Financial LLC now owns 2,979 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 384 shares during the last quarter. Whittier Trust Co. raised its stake in Healthcare Realty Trust by 221.6% in the fourth quarter. Whittier Trust Co. now owns 2,975 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 2,050 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in Healthcare Realty Trust by 1,724.3% in the fourth quarter. Point72 Hong Kong Ltd now owns 3,156 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 2,983 shares during the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at about $203,000. Institutional investors own 96.65% of the company’s stock.

Shares of HR stock opened at $26.22 on Thursday. The stock has a 50 day moving average of $28.04 and a 200 day moving average of $29.18. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.98 billion, a P/E ratio of 46.82 and a beta of 0.60. Healthcare Realty Trust Incorporated has a twelve month low of $24.36 and a twelve month high of $33.77.

Healthcare Realty Trust (NYSE:HRGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.17). The company had revenue of $142.90 million for the quarter, compared to analysts’ expectations of $144.30 million. Healthcare Realty Trust had a net margin of 15.50% and a return on equity of 3.94%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, research analysts predict that Healthcare Realty Trust Incorporated will post 1.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Monday, May 16th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Friday, May 13th. Healthcare Realty Trust’s dividend payout ratio is currently 221.43%.

A number of research firms have commented on HR. StockNews.com began coverage on Healthcare Realty Trust in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Berenberg Bank cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $35.00 to $32.00 in a research note on Tuesday, May 10th. Capital One Financial initiated coverage on Healthcare Realty Trust in a research note on Friday, June 3rd. They issued an “overweight” rating and a $33.00 price objective for the company. BMO Capital Markets initiated coverage on Healthcare Realty Trust in a research note on Wednesday. They issued a “hold” rating and a $28.00 price objective for the company. Finally, Barclays initiated coverage on Healthcare Realty Trust in a research note on Tuesday, April 26th. They issued an “overweight” rating and a $33.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Healthcare Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $31.80.

Healthcare Realty Trust Profile (Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Healthcare Realty Trust (NYSE:HR)

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