Edgestream Partners L.P. Purchases New Shares in Healthcare Realty Trust Incorporated $HR

Edgestream Partners L.P. purchased a new position in Healthcare Realty Trust Incorporated (NYSE:HR) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 382,013 shares of the real estate investment trust’s stock, valued at approximately $6,490,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HR. Wiser Advisor Group LLC bought a new position in Healthcare Realty Trust during the third quarter valued at $25,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at $37,000. Main Street Group LTD bought a new stake in shares of Healthcare Realty Trust in the 1st quarter worth about $42,000. Prosperity Bancshares Inc bought a new stake in shares of Healthcare Realty Trust in the 4th quarter worth about $42,000. Finally, Danske Bank A S purchased a new position in shares of Healthcare Realty Trust during the 3rd quarter worth about $47,000.

Insiders Place Their Bets

In other Healthcare Realty Trust news, CAO Amanda L. Callaway sold 25,767 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $20.37, for a total value of $524,873.79. Following the transaction, the chief accounting officer owned 109,954 shares in the company, valued at $2,239,762.98. The trade was a 18.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by insiders.

Analyst Ratings Changes

HR has been the topic of several analyst reports. Cantor Fitzgerald upped their price target on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, May 4th. UBS Group raised their price objective on shares of Healthcare Realty Trust from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. 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 note on Thursday, May 7th. JPMorgan Chase & Co. boosted their price objective on Healthcare Realty Trust from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Finally, Weiss Ratings downgraded Healthcare Realty Trust from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.67.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $21.48 on Friday. Healthcare Realty Trust Incorporated has a one year low of $15.28 and a one year high of $22.04. The firm has a market cap of $7.44 billion, a P/E ratio of -37.04 and a beta of 0.98. The firm has a 50-day simple moving average of $20.54 and a 200-day simple moving average of $18.93.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Thursday, April 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Healthcare Realty Trust had a negative return on equity of 4.29% and a negative net margin of 17.34%.The company had revenue of $275.28 million during the quarter, compared to analyst estimates of $283.01 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. Healthcare Realty Trust’s revenue was down 7.7% on a year-over-year basis. On average, research analysts predict that Healthcare Realty Trust Incorporated will post 1.63 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Tuesday, August 11th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, August 11th. Healthcare Realty Trust’s dividend payout ratio is -165.52%.

About Healthcare Realty Trust

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.