State of New Jersey Common Pension Fund D Reduces Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

State of New Jersey Common Pension Fund D lowered its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HRGet Rating) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,812 shares of the real estate investment trust’s stock after selling 4,316 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Healthcare Realty Trust worth $2,248,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HR. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Healthcare Realty Trust in the first quarter worth $30,000. Confluence Wealth Services Inc. bought a new position in Healthcare Realty Trust in the fourth quarter valued at $51,000. Point72 Hong Kong Ltd increased 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 acquiring an additional 2,983 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in Healthcare Realty Trust in the fourth quarter valued at $203,000. Finally, Brinker Capital Investments LLC bought a new position in Healthcare Realty Trust in the fourth quarter valued at $210,000. Institutional investors own 96.65% of the company’s stock.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock opened at $25.32 on Thursday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $26.38 and a 200-day moving average of $27.97. The firm has a market cap of $5.80 billion, a P/E ratio of 60.29 and a beta of 0.67. Healthcare Realty Trust Incorporated has a 1-year low of $23.28 and a 1-year high of $34.83.

Healthcare Realty Trust (NYSE:HRGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.17). Healthcare Realty Trust had a return on equity of 2.90% and a net margin of 12.13%. The company had revenue of $142.90 million during the quarter, compared to analysts’ expectations of $144.30 million. During the same quarter last year, the business earned $0.42 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. Sell-side analysts expect that Healthcare Realty Trust Incorporated will post 1.76 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Thursday, July 14th were issued a $0.201 dividend. The ex-dividend date was Wednesday, July 13th. This represents a $0.80 annualized dividend and a yield of 3.18%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently 316.67%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HR. Berenberg Bank cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $35.00 to $32.00 in a research note on Tuesday, May 10th. JPMorgan Chase & Co. assumed coverage on shares of Healthcare Realty Trust in a research report on Thursday, July 21st. They set a “neutral” rating for the company. Credit Suisse Group cut their price target on shares of Healthcare Realty Trust from $34.00 to $29.00 and set an “outperform” rating for the company in a research report on Monday, July 18th. Barclays assumed coverage on shares of Healthcare Realty Trust in a research report on Tuesday, April 26th. They set an “overweight” rating and a $33.00 price target for the company. Finally, BMO Capital Markets assumed coverage on shares of Healthcare Realty Trust in a research report on Wednesday, June 22nd. They set a “hold” rating and a $28.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.00.

Healthcare Realty Trust Company Profile

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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.

See Also

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

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