Amalgamated Bank Sells 3,108 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Amalgamated Bank lessened its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 239,158 shares of the real estate investment trust’s stock after selling 3,108 shares during the quarter. Amalgamated Bank owned 0.06% of Healthcare Realty Trust worth $4,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in shares of Healthcare Realty Trust by 18.3% during the 4th quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust’s stock valued at $33,405,000 after purchasing an additional 297,603 shares during the last quarter. abrdn plc grew its stake in shares of Healthcare Realty Trust by 192.4% during the fourth quarter. abrdn plc now owns 247,562 shares of the real estate investment trust’s stock valued at $4,265,000 after buying an additional 162,886 shares during the last quarter. New York Life Investment Management LLC increased its holdings in shares of Healthcare Realty Trust by 81.3% in the third quarter. New York Life Investment Management LLC now owns 47,537 shares of the real estate investment trust’s stock worth $726,000 after buying an additional 21,315 shares during the period. Beach Investment Counsel Inc. PA lifted its stake in shares of Healthcare Realty Trust by 148.6% in the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock valued at $29,136,000 after acquiring an additional 1,010,841 shares during the last quarter. Finally, Raymond James & Associates grew its position in Healthcare Realty Trust by 3.3% during the 3rd quarter. Raymond James & Associates now owns 945,489 shares of the real estate investment trust’s stock worth $14,438,000 after acquiring an additional 30,349 shares during the last quarter.

Healthcare Realty Trust Stock Down 0.6 %

HR opened at $15.32 on Thursday. The stock has a market cap of $5.84 billion, a PE ratio of -20.70 and a beta of 0.78. The business has a 50 day moving average of $13.95 and a 200-day moving average of $15.06. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $20.30.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The business had revenue of $330.40 million during the quarter, compared to analysts’ expectations of $334.32 million. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.10%. Healthcare Realty Trust’s dividend payout ratio is currently -167.57%.

Analyst Ratings Changes

A number of analysts have recently weighed in on HR shares. Deutsche Bank Aktiengesellschaft assumed coverage on Healthcare Realty Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $18.00 price objective for the company. Wedbush raised their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday. Stifel Nicolaus downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $19.00 to $15.00 in a research note on Tuesday, February 20th. Wells Fargo & Company cut their target price on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lowered their price target on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.30.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.