Teacher Retirement System of Texas Purchases New Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Teacher Retirement System of Texas acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the 4th quarter, HoldingsChannel reports. The firm acquired 65,288 shares of the real estate investment trust’s stock, valued at approximately $1,107,000.

A number of other hedge funds have also made changes to their positions in HR. Smartleaf Asset Management LLC lifted its stake in shares of Healthcare Realty Trust by 59.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 612 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 925 shares during the period. Synergy Investment Management LLC purchased a new position in Healthcare Realty Trust during the fourth quarter worth about $36,000. Jones Financial Companies Lllp raised its position in shares of Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,249 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in Healthcare Realty Trust in the third quarter valued at approximately $65,000.

Wall Street Analysts Forecast Growth

HR has been the subject of several recent analyst reports. Scotiabank cut their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. downgraded Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Friday, December 20th. Wells Fargo & Company decreased their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $19.00 to $17.00 in a research report on Thursday, January 2nd. Finally, Wedbush restated an “outperform” rating and issued a $16.00 price objective on shares of Healthcare Realty Trust in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $16.76 on Friday. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of -9.41 and a beta of 0.97. The business has a 50-day moving average of $16.66 and a 200 day moving average of $17.22. Healthcare Realty Trust Incorporated has a 12 month low of $13.64 and a 12 month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. During the same quarter last year, the firm posted $0.39 earnings per share. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Monday, March 3rd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 7.40%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust’s payout ratio is currently -69.66%.

Healthcare Realty Trust Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.