AQR Capital Management LLC Buys 281,243 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

AQR Capital Management LLC boosted its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 72.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 668,631 shares of the real estate investment trust’s stock after purchasing an additional 281,243 shares during the quarter. AQR Capital Management LLC owned about 0.18% of Healthcare Realty Trust worth $11,019,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in Healthcare Realty Trust by 155.6% in the 4th quarter. US Bancorp DE now owns 49,796 shares of the real estate investment trust’s stock valued at $858,000 after buying an additional 30,312 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Healthcare Realty Trust by 149.4% in the fourth quarter. Parallel Advisors LLC now owns 5,424 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 3,249 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Healthcare Realty Trust by 194.3% in the fourth quarter. TD Asset Management Inc now owns 67,384 shares of the real estate investment trust’s stock worth $1,161,000 after purchasing an additional 44,484 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Healthcare Realty Trust by 40.1% during the 4th quarter. Allianz Asset Management GmbH now owns 119,210 shares of the real estate investment trust’s stock worth $2,054,000 after purchasing an additional 34,134 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Healthcare Realty Trust by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 168,469 shares of the real estate investment trust’s stock valued at $2,903,000 after purchasing an additional 1,650 shares during the period.

Insiders Place Their Bets

In other news, Director John Knox Singleton bought 6,500 shares of Healthcare Realty Trust stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $18.24 per share, for a total transaction of $118,560.00. Following the purchase, the director now owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 9,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the transaction, the director now directly owns 22,252 shares in the company, valued at $386,962.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Knox Singleton acquired 6,500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average price of $18.24 per share, with a total value of $118,560.00. Following the transaction, the director now owns 57,082 shares in the company, valued at approximately $1,041,175.68. The disclosure for this purchase can be found here. Insiders purchased 15,728 shares of company stock worth $279,069 over the last three months. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on HR. Wells Fargo & Company reiterated an “underweight” rating and set a $17.00 price target (up from $16.00) on shares of Healthcare Realty Trust in a report on Tuesday. 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. Finally, Wedbush raised their price target on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $17.13.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $17.69 on Thursday. The firm has a fifty day moving average of $17.87 and a 200-day moving average of $16.34. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of -13.30 and a beta of 0.91. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.77). The business had revenue of $316.30 million during the quarter, compared to analyst estimates of $317.90 million. Healthcare Realty Trust had a negative return on equity of 8.50% and a negative net margin of 42.79%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. On average, sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -93.23%.

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.