Mutual of America Capital Management LLC Lowers Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Mutual of America Capital Management LLC reduced its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,454 shares of the real estate investment trust’s stock after selling 10,166 shares during the quarter. Mutual of America Capital Management LLC owned about 0.08% of Healthcare Realty Trust worth $4,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Centersquare Investment Management LLC bought a new stake in shares of Healthcare Realty Trust in the first quarter worth about $1,246,000. SG Americas Securities LLC grew its holdings in Healthcare Realty Trust by 394.9% during the 1st quarter. SG Americas Securities LLC now owns 388,015 shares of the real estate investment trust’s stock valued at $5,490,000 after buying an additional 309,609 shares in the last quarter. Vanguard Group Inc. increased its stake in Healthcare Realty Trust by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after acquiring an additional 723,197 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Healthcare Realty Trust during the 1st quarter worth approximately $719,000. Finally, Tidal Investments LLC bought a new position in shares of Healthcare Realty Trust during the 1st quarter valued at approximately $1,360,000.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR opened at $17.94 on Friday. The firm has a market capitalization of $6.79 billion, a PE ratio of -13.49 and a beta of 0.91. The business has a 50 day simple moving average of $17.81 and a two-hundred day simple moving average of $16.08. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.77). Healthcare Realty Trust had a negative net margin of 42.79% and a negative return on equity of 8.50%. The business had revenue of $316.30 million for the quarter, compared to analysts’ expectations of $317.90 million. During the same quarter in the previous year, the firm earned $0.39 EPS. Healthcare Realty Trust’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts expect that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.91%. The ex-dividend date was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio is presently -93.23%.

Insider Activity at Healthcare Realty Trust

In related news, Director John Knox Singleton bought 6,500 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the purchase, the director now directly 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 SEC, which is available through the SEC website. In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 9,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average cost of $17.39 per share, with a total value of $156,510.00. Following the completion of the purchase, the director now directly owns 22,252 shares in the company, valued at $386,962.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Knox Singleton bought 6,500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the transaction, the director now directly 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 in the last 90 days. 0.56% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HR has been the topic of several research reports. Scotiabank boosted their price target on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 7th. Wedbush boosted their target price on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $17.00 to $16.00 in a report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust has an average rating of “Hold” and a consensus target price of $17.00.

Healthcare Realty Trust 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.