Deerfield Management Company L.P. Series C purchased a new stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 28,566 shares of the real estate investment trust's stock, valued at approximately $471,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HR. AQR Capital Management LLC boosted its position in shares of Healthcare Realty Trust by 72.6% in the 2nd quarter. AQR Capital Management LLC now owns 668,631 shares of the real estate investment trust's stock worth $11,019,000 after purchasing an additional 281,243 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Healthcare Realty Trust during the second quarter worth about $271,000. Cubist Systematic Strategies LLC acquired a new position in shares of Healthcare Realty Trust during the 2nd quarter worth about $1,635,000. Point72 DIFC Ltd acquired a new position in shares of Healthcare Realty Trust during the 2nd quarter worth about $828,000. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Healthcare Realty Trust in the 2nd quarter valued at approximately $291,000.
Shares of Healthcare Realty Trust stock opened at $18.19 on Friday. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of -13.67 and a beta of 0.91. The stock's 50-day moving average is $17.85 and its 200-day moving average is $16.22. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $18.90.
Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.77). The firm had revenue of $316.30 million during the quarter, compared to the consensus estimate of $317.90 million. Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The company's revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. On average, equities analysts expect that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.24 annualized dividend and a yield of 6.82%. Healthcare Realty Trust's payout ratio is currently -93.23%.
HR has been the subject of several recent analyst reports. Scotiabank upped their target price on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 7th. Wedbush upped their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company lowered Healthcare Realty Trust from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $17.00 to $16.00 in a report on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.00.
Read Our Latest Stock Report on HR
In related news, Director John Knox Singleton bought 6,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $18.24 per share, with a total value of $118,560.00. Following the completion of the transaction, the director now owns 57,082 shares in the company, valued at $1,041,175.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Thomas N. Bohjalian acquired 9,000 shares of the business's stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $17.39 per share, with a total value of $156,510.00. Following the acquisition, the director now owns 22,252 shares in the company, valued at approximately $386,962.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Knox Singleton bought 6,500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were purchased at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the completion of the acquisition, the director now owns 57,082 shares of the company's stock, valued at approximately $1,041,175.68. The disclosure for this purchase can be found here. Insiders have acquired 15,728 shares of company stock valued at $279,069 in the last three months. 0.56% of the stock is currently owned by corporate insiders.
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.
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