903,050 Shares in Healthcare Realty Trust Incorporated $HR Acquired by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) during the third quarter, Holdings Channel reports. The fund acquired 903,050 shares of the real estate investment trust’s stock, valued at approximately $16,020,000. Healthcare Realty Trust comprises about 1.5% of Marble Harbor Investment Counsel LLC’s holdings, making the stock its 19th largest holding.

Several other hedge funds also recently added to or reduced their stakes in HR. New Mexico Educational Retirement Board acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at $1,380,000. Maryland State Retirement & Pension System grew its holdings in shares of Healthcare Realty Trust by 24.4% during the 3rd quarter. Maryland State Retirement & Pension System now owns 20,556 shares of the real estate investment trust’s stock worth $365,000 after purchasing an additional 4,026 shares during the period. AMG National Trust Bank purchased a new position in shares of Healthcare Realty Trust during the 3rd quarter worth $314,000. New York Life Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth about $919,000. Finally, Brighton Jones LLC acquired a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth about $442,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Healthcare Realty Trust from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Cantor Fitzgerald increased their target price on shares of Healthcare Realty Trust from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. UBS Group lifted their price target on shares of Healthcare Realty Trust from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings upgraded shares of Healthcare Realty Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. Finally, Royal Bank Of Canada boosted their price target on shares of Healthcare Realty Trust from $21.00 to $22.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.55.

Insider Buying and Selling

In other Healthcare Realty Trust news, COO Robert Hull sold 21,000 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $19.11, for a total value of $401,310.00. Following the completion of the transaction, the chief operating officer directly owned 276,338 shares of the company’s stock, valued at $5,280,819.18. The trade was a 7.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.

Healthcare Realty Trust Stock Down 0.6%

HR opened at $19.14 on Friday. Healthcare Realty Trust Incorporated has a 52 week low of $16.31 and a 52 week high of $22.04. The business has a fifty day simple moving average of $18.17 and a 200-day simple moving average of $18.91. The firm has a market cap of $6.48 billion, a P/E ratio of -136.74 and a beta of 0.92.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Thursday, October 29th. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.46). The firm had revenue of $286.64 million during the quarter, compared to analyst estimates of $275.27 million. Healthcare Realty Trust had a negative net margin of 3.96% and a negative return on equity of 1.02%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. Sell-side analysts expect that Healthcare Realty Trust Incorporated will post 1.66 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Tuesday, November 10th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, November 10th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -685.71%.

Healthcare Realty Trust Profile

Healthcare Realty Trust Incorporated is a real estate investment trust that owns, leases, and operates healthcare properties, with a focus on outpatient medical buildings. Its tenants include health systems, physician groups, and other healthcare providers. The company’s activities include leasing and managing medical office space, as well as acquiring and developing properties. Many of its buildings are located near hospitals or other healthcare campuses, supporting providers’ outpatient services.