3,666,912 Shares in Healthcare Realty Trust Incorporated $HR Acquired by Norges Bank

Norges Bank purchased a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,666,912 shares of the real estate investment trust’s stock, valued at approximately $62,154,000.

Several other hedge funds also recently added to or reduced their stakes in HR. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Healthcare Realty Trust during the 4th quarter worth approximately $37,000. Jupiter Asset Management Ltd. purchased a new position in shares of Healthcare Realty Trust in the 4th quarter valued at $31,810,000. Intech Investment Management LLC raised its stake in Healthcare Realty Trust by 311.4% during the 4th quarter. Intech Investment Management LLC now owns 72,300 shares of the real estate investment trust’s stock worth $1,225,000 after acquiring an additional 54,725 shares in the last quarter. Geode Capital Management LLC raised its stake in Healthcare Realty Trust by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 7,053,360 shares of the real estate investment trust’s stock worth $119,578,000 after acquiring an additional 101,382 shares in the last quarter. Finally, PGGM Investments purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at $113,389,000.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR opened at $19.66 on Friday. The stock has a market cap of $6.81 billion, a P/E ratio of -33.90 and a beta of 0.98. The firm has a fifty day moving average price of $18.93 and a 200 day moving average price of $18.02. Healthcare Realty Trust Incorporated has a 1-year low of $14.19 and a 1-year high of $20.61.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Healthcare Realty Trust had a negative net margin of 17.34% and a negative return on equity of 4.29%. The company had revenue of $275.28 million for the quarter, compared to analyst estimates of $283.01 million. During the same period in the previous year, the business posted $0.39 earnings per share. Healthcare Realty Trust’s quarterly revenue was down 7.7% on a year-over-year basis. Healthcare Realty Trust has set its FY 2026 guidance at 1.590-1.65 EPS. Sell-side analysts expect that Healthcare Realty Trust Incorporated will post 1.61 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.9%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -165.52%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Healthcare Realty Trust from $19.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Weiss Ratings cut Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Cantor Fitzgerald boosted their target price on Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Citigroup upped their target price on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, UBS Group raised their price target on Healthcare Realty Trust from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.50.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.