Healthcare Realty Trust Incorporated (NYSE:HR) Short Interest Up 30.8% in April


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Healthcare Realty Trust Incorporated (NYSE:HR) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 5,100,000 shares, a growth of 30.8% from the March 31st total of 3,900,000 shares. Based on an average daily volume of 927,700 shares, the days-to-cover ratio is currently 5.5 days.

Shares of NYSE:HR opened at $32.08 on Wednesday. The business’s 50-day moving average is $31.26 and its 200 day moving average is $30.27. Healthcare Realty Trust has a 1 year low of $26.77 and a 1 year high of $34.01. The firm has a market capitalization of $4.54 billion, a P/E ratio of 37.74 and a beta of 0.55. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.30 and a quick ratio of 2.30.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, February 10th. The real estate investment trust reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.53). The firm had revenue of $125.88 million during the quarter, compared to analyst estimates of $126.70 million. Healthcare Realty Trust had a net margin of 23.27% and a return on equity of 6.08%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. On average, analysts expect that Healthcare Realty Trust will post 1.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 9th. Stockholders of record on Monday, February 22nd were issued a $0.303 dividend. The ex-dividend date was Friday, February 19th. This is a positive change from Healthcare Realty Trust’s previous quarterly dividend of $0.30. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.78%. Healthcare Realty Trust’s dividend payout ratio is currently 75.63%.

A number of equities analysts have recently commented on HR shares. Jefferies Financial Group upgraded Healthcare Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $33.00 in a report on Wednesday, January 13th. Wells Fargo & Company boosted their price objective on Healthcare Realty Trust from $29.00 to $31.00 and gave the company an “equal weight” rating in a report on Wednesday, March 31st. Zacks Investment Research cut Healthcare Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, April 26th. Morgan Stanley boosted their price objective on Healthcare Realty Trust from $30.00 to $31.00 and gave the company an “equal weight” rating in a report on Monday, March 22nd. Finally, Scotiabank assumed coverage on Healthcare Realty Trust in a report on Thursday, January 28th. They set a “sector perform” rating and a $32.00 price objective for the company. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Healthcare Realty Trust presently has an average rating of “Buy” and an average target price of $32.56.

In other Healthcare Realty Trust news, EVP John M. Bryant, Jr. sold 11,476 shares of Healthcare Realty Trust stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $30.00, for a total value of $344,280.00. Also, EVP Robert E. Hull sold 11,447 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $31.00, for a total value of $354,857.00. Following the completion of the sale, the executive vice president now directly owns 155,287 shares in the company, valued at approximately $4,813,897. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Healthcare Realty Trust by 45.9% in the first quarter. Envestnet Asset Management Inc. now owns 145,785 shares of the real estate investment trust’s stock worth $4,420,000 after buying an additional 45,860 shares during the last quarter. Armor Investment Advisors LLC boosted its position in Healthcare Realty Trust by 2.1% during the first quarter. Armor Investment Advisors LLC now owns 35,842 shares of the real estate investment trust’s stock worth $1,087,000 after purchasing an additional 752 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Healthcare Realty Trust by 3.8% during the first quarter. Commonwealth Equity Services LLC now owns 11,281 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 413 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of Healthcare Realty Trust by 0.4% during the first quarter. Chartwell Investment Partners LLC now owns 524,782 shares of the real estate investment trust’s stock worth $15,911,000 after purchasing an additional 2,334 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Healthcare Realty Trust by 9.0% during the first quarter. Daiwa Securities Group Inc. now owns 35,118 shares of the real estate investment trust’s stock worth $1,065,000 after purchasing an additional 2,900 shares in the last quarter. Hedge funds and other institutional investors own 96.63% of the company’s stock.

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 September 30, 2020, the Company owned 211 real estate properties in 24 states totaling 15.5 million square feet and was valued at approximately $5.5 billion.

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