DAVENPORT & Co LLC decreased its position in Healthcare Realty Trust Inc (NYSE:HR) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,033 shares of the real estate investment trust’s stock after selling 1,003 shares during the quarter. DAVENPORT & Co LLC’s holdings in Healthcare Realty Trust were worth $616,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of Healthcare Realty Trust by 2.0% during the first quarter. State Street Corp now owns 7,522,428 shares of the real estate investment trust’s stock worth $210,101,000 after acquiring an additional 149,841 shares during the period. PGGM Investments purchased a new stake in shares of Healthcare Realty Trust during the first quarter worth $147,614,000. Victory Capital Management Inc. increased its position in shares of Healthcare Realty Trust by 5.9% during the first quarter. Victory Capital Management Inc. now owns 2,637,098 shares of the real estate investment trust’s stock worth $73,654,000 after acquiring an additional 147,175 shares during the period. Geode Capital Management LLC increased its position in shares of Healthcare Realty Trust by 5.2% during the first quarter. Geode Capital Management LLC now owns 2,485,472 shares of the real estate investment trust’s stock worth $69,419,000 after acquiring an additional 123,210 shares during the period. Finally, Norges Bank purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth $51,556,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.
NYSE HR opened at $29.30 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.60 and a quick ratio of 1.60. Healthcare Realty Trust Inc has a 1 year low of $24.10 and a 1 year high of $37.97. The company has a market capitalization of $3.95 billion, a PE ratio of 104.64 and a beta of 0.56. The company has a fifty day moving average of $29.63 and a two-hundred day moving average of $31.56.
Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.38). Healthcare Realty Trust had a net margin of 8.00% and a return on equity of 2.11%. The company had revenue of $122.60 million during the quarter, compared to analyst estimates of $122.80 million. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue was up 10.6% on a year-over-year basis. On average, research analysts expect that Healthcare Realty Trust Inc will post 1.62 earnings per share for the current year.
A number of analysts have recently weighed in on HR shares. Citigroup upped their price objective on Healthcare Realty Trust from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Zacks Investment Research lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 1st. Wells Fargo & Co reissued a “hold” rating on shares of Healthcare Realty Trust in a report on Tuesday, April 28th. Finally, Raymond James dropped their target price on Healthcare Realty Trust from $38.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.00.
About Healthcare Realty Trust
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 December 31, 2018, the Company owned 199 real estate properties in 27 states totaling 14.8 million square feet and was valued at approximately $4.9 billion.
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