Massachusetts Financial Services Co. MA Sells 76,968 Shares of Healthcare Realty Trust Incorporated $HR

Massachusetts Financial Services Co. MA trimmed its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 1.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,782,485 shares of the real estate investment trust’s stock after selling 76,968 shares during the period. Massachusetts Financial Services Co. MA owned about 1.93% of Healthcare Realty Trust worth $122,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its position in shares of Healthcare Realty Trust by 10.6% during the third quarter. Sequoia Financial Advisors LLC now owns 39,225 shares of the real estate investment trust’s stock valued at $707,000 after acquiring an additional 3,750 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Healthcare Realty Trust by 84.8% in the third quarter. Evergreen Capital Management LLC now owns 20,447 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 9,383 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Healthcare Realty Trust in the 3rd quarter valued at $2,226,000. Liberty One Investment Management LLC increased its position in shares of Healthcare Realty Trust by 30.2% during the 3rd quarter. Liberty One Investment Management LLC now owns 407,463 shares of the real estate investment trust’s stock valued at $7,347,000 after purchasing an additional 94,568 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at $54,000.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $17.31 on Wednesday. The company’s fifty day simple moving average is $17.40 and its two-hundred day simple moving average is $17.37. Healthcare Realty Trust Incorporated has a 1 year low of $14.09 and a 1 year high of $18.97. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of -16.33 and a beta of 0.96.

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 the consensus estimate of $0.40 by $0.01. The company had revenue of $297.77 million during the quarter, compared to analysts’ expectations of $291.10 million. Healthcare Realty Trust had a negative return on equity of 7.32% and a negative net margin of 30.51%.The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. Healthcare Realty Trust has set its FY 2025 guidance at 1.590-1.60 EPS. Equities research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Tuesday, November 11th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.96 annualized dividend and a yield of 5.5%. Healthcare Realty Trust’s payout ratio is currently -90.57%.

Analyst Ratings Changes

Several research firms recently weighed in on HR. Royal Bank Of Canada began 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 price target for the company. Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Citigroup raised their price target on shares of Healthcare Realty Trust from $17.00 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Cantor Fitzgerald assumed coverage on shares of Healthcare Realty Trust in a report on Wednesday, October 1st. They issued an “overweight” rating and a $23.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Healthcare Realty Trust in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $19.13.

Healthcare Realty Trust 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.