Stifel Financial Corp increased its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 22.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 11,823 shares of the real estate investment trust’s stock after buying an additional 2,175 shares during the quarter. Stifel Financial Corp’s holdings in Healthcare Realty Trust were worth $404,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Fiduciary Trust Co. bought a new stake in Healthcare Realty Trust in the 2nd quarter valued at about $113,000. Pacad Investment Ltd. raised its stake in Healthcare Realty Trust by 41.2% in the 2nd quarter. Pacad Investment Ltd. now owns 4,800 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 1,400 shares during the period. Huntington National Bank raised its stake in Healthcare Realty Trust by 36.7% in the 2nd quarter. Huntington National Bank now owns 5,193 shares of the real estate investment trust’s stock valued at $177,000 after acquiring an additional 1,393 shares during the period. Neuberger Berman Group LLC bought a new stake in Healthcare Realty Trust in the 1st quarter valued at about $202,000. Finally, PNC Financial Services Group Inc. raised its stake in Healthcare Realty Trust by 1.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,219 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 72 shares during the period. 91.74% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on HR. Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, September 13th. Stifel Nicolaus restated a “buy” rating on shares of Healthcare Realty Trust in a research note on Friday, August 4th. Jefferies Group LLC restated a “hold” rating and issued a $34.00 price objective (down from $36.00) on shares of Healthcare Realty Trust in a research note on Thursday, August 10th. Mizuho restated a “hold” rating and issued a $35.00 price objective on shares of Healthcare Realty Trust in a research note on Friday, October 27th. Finally, BidaskClub upgraded Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $33.29.
In other news, Director John Knox Singleton bought 3,450 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were acquired at an average cost of $31.88 per share, with a total value of $109,986.00. Following the completion of the transaction, the director now owns 17,693 shares of the company’s stock, valued at approximately $564,052.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.85% of the company’s stock.
Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $106.95 million during the quarter, compared to analysts’ expectations of $108.97 million. Healthcare Realty Trust had a return on equity of 7.38% and a net margin of 28.98%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.20 annualized dividend and a yield of 3.72%. Healthcare Realty Trust’s payout ratio is 114.29%.
Healthcare Realty Trust Profile
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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