JPMorgan Chase & Co. Sells 58,768 Shares of Healthcare Realty Trust Inc (HR)

JPMorgan Chase & Co. reduced its position in shares of Healthcare Realty Trust Inc (NYSE:HR) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,495,397 shares of the real estate investment trust’s stock after selling 58,768 shares during the period. JPMorgan Chase & Co.’s holdings in Healthcare Realty Trust were worth $48,601,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of HR. NN Investment Partners Holdings N.V. increased its position in Healthcare Realty Trust by 33.0% in the first quarter. NN Investment Partners Holdings N.V. now owns 529,000 shares of the real estate investment trust’s stock valued at $17,194,000 after buying an additional 131,300 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in Healthcare Realty Trust by 17.0% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,446,043 shares of the real estate investment trust’s stock valued at $46,996,000 after buying an additional 210,479 shares during the last quarter. Pacer Advisors Inc. increased its position in Healthcare Realty Trust by 22.2% in the first quarter. Pacer Advisors Inc. now owns 16,563 shares of the real estate investment trust’s stock valued at $538,000 after buying an additional 3,005 shares during the last quarter. Mason Street Advisors LLC increased its position in Healthcare Realty Trust by 1.7% in the first quarter. Mason Street Advisors LLC now owns 55,008 shares of the real estate investment trust’s stock valued at $1,788,000 after buying an additional 925 shares during the last quarter. Finally, 1st Global Advisors Inc. increased its position in Healthcare Realty Trust by 6.2% in the first quarter. 1st Global Advisors Inc. now owns 7,138 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 414 shares during the last quarter.

Institutional Ownership by Quarter for Healthcare Realty Trust (NYSE:HR)

Healthcare Realty Trust Inc (HR) traded down 0.50% during midday trading on Tuesday, reaching $33.92. 177,893 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $33.04 and a 200 day moving average price of $31.34. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 35.30 and a beta of 0.27. Healthcare Realty Trust Inc has a 12-month low of $26.66 and a 12-month high of $36.60.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $104.57 million for the quarter, compared to analysts’ expectations of $106.03 million. Healthcare Realty Trust had a net margin of 12.79% and a return on equity of 3.81%. During the same period in the previous year, the business earned $0.41 EPS. On average, analysts expect that Healthcare Realty Trust Inc will post $0.62 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Tuesday, May 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Friday, May 12th. Healthcare Realty Trust’s payout ratio is 240.00%.

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Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Stifel Nicolaus dropped their price target on shares of Healthcare Realty Trust from $34.00 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Healthcare Realty Trust in a research note on Friday, May 12th. Finally, BMO Capital Markets raised shares of Healthcare Realty Trust from a “market perform” rating to an “outperform” rating and raised their price target for the company from $31.00 to $33.00 in a research note on Wednesday, March 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $33.33.

In related news, insider John M. Bryant, Jr. sold 20,385 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $32.27, for a total value of $657,823.95. Following the transaction, the insider now owns 162,241 shares of the company’s stock, valued at $5,235,517.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert E. Hull sold 1,744 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $32.45, for a total transaction of $56,592.80. Following the sale, the executive vice president now owns 58,174 shares in the company, valued at approximately $1,887,746.30. The disclosure for this sale can be found here. In the last three months, insiders sold 29,129 shares of company stock worth $948,987. 1.65% of the stock is currently owned by insiders.

About Healthcare Realty Trust

Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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