Safe Harbor Fiduciary LLC Increases Stock Holdings in Healthcare Realty Trust Incorporated $HR

Safe Harbor Fiduciary LLC grew its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 18.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,782 shares of the real estate investment trust’s stock after purchasing an additional 4,569 shares during the period. Safe Harbor Fiduciary LLC’s holdings in Healthcare Realty Trust were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HR. Massachusetts Financial Services Co. MA grew its position in Healthcare Realty Trust by 15.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,859,453 shares of the real estate investment trust’s stock valued at $108,791,000 after buying an additional 893,938 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Healthcare Realty Trust by 11.2% in the second quarter. JPMorgan Chase & Co. now owns 6,794,815 shares of the real estate investment trust’s stock valued at $107,766,000 after acquiring an additional 683,211 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Healthcare Realty Trust by 1.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 5,562,311 shares of the real estate investment trust’s stock valued at $88,218,000 after acquiring an additional 92,112 shares in the last quarter. Prudential Financial Inc. raised its holdings in Healthcare Realty Trust by 34.9% during the second quarter. Prudential Financial Inc. now owns 4,246,398 shares of the real estate investment trust’s stock worth $74,252,000 after purchasing an additional 1,099,467 shares in the last quarter. Finally, Northern Trust Corp lifted its position in 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 valued at $68,959,000 after purchasing an additional 39,466 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HR. Raymond James Financial cut Healthcare Realty Trust from a “market perform” rating to an “underperform” rating in a research report on Monday, September 15th. BTIG Research reiterated a “buy” rating and issued a $20.00 price objective on shares of Healthcare Realty Trust in a research report on Monday, September 29th. Citigroup raised their target price on Healthcare Realty Trust from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Royal Bank Of Canada started coverage on shares of Healthcare Realty Trust in a research report on Wednesday, October 8th. They set a “sector perform” rating and a $19.00 target price on the stock. Finally, Scotiabank upgraded shares of Healthcare Realty Trust from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $18.00 to $20.00 in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.89.

Healthcare Realty Trust Stock Performance

HR opened at $18.30 on Thursday. The company has a market cap of $6.43 billion, a price-to-earnings ratio of -15.91 and a beta of 0.95. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.97. The business’s fifty day moving average is $18.06 and its two-hundred day moving average is $16.72.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%.The business had revenue of $297.77 million during the quarter, compared to analysts’ expectations of $291.10 million. During the same quarter last year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. On average, analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Tuesday, November 11th were given a $0.24 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.96 annualized dividend and a dividend yield of 5.2%. Healthcare Realty Trust’s dividend payout ratio is currently -90.57%.

Insider Buying and Selling at Healthcare Realty Trust

In other news, EVP Julie F. Wilson sold 15,000 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 113,419 shares of the company’s stock, valued at $2,041,542. This trade represents a 11.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is currently owned by company 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.