Cubist Systematic Strategies LLC Buys Shares of 99,183 Healthcare Realty Trust Incorporated (NYSE:HR)

Cubist Systematic Strategies LLC acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 99,183 shares of the real estate investment trust’s stock, valued at approximately $1,635,000.

Other institutional investors have also recently made changes to their positions in the company. Muzinich & Co. Inc. boosted its stake in shares of Healthcare Realty Trust by 98.1% in the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,079 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Healthcare Realty Trust by 38.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 628 shares during the last quarter. Quarry LP acquired a new position in Healthcare Realty Trust during the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC increased its position in shares of Healthcare Realty Trust by 260.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,809 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 2,030 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust in the 4th quarter valued at $85,000.

Analyst Ratings Changes

A number of analysts have issued reports on HR shares. Wells Fargo & Company reaffirmed 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. Wedbush boosted their target price on Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Finally, Scotiabank increased their price target 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. Two equities research 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 MarketBeat, Healthcare Realty Trust currently has an average rating of “Hold” and an average target price of $17.13.

Insider Activity

In related news, Director John Knox Singleton purchased 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $18.24 per share, with a total value of $118,560.00. Following the completion of the acquisition, the director now directly owns 57,082 shares in the company, valued at $1,041,175.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other Healthcare Realty Trust news, Director John Knox Singleton acquired 6,500 shares of the stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $18.24 per share, with a total value of $118,560.00. Following the acquisition, the director now owns 57,082 shares of the company’s stock, valued at $1,041,175.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas N. Bohjalian bought 9,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were acquired 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 owns 22,252 shares in the company, valued at approximately $386,962.28. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 15,728 shares of company stock valued at $279,069. Company insiders own 0.56% of the company’s stock.

Healthcare Realty Trust Trading Down 1.4 %

Shares of HR opened at $17.90 on Wednesday. The company’s 50 day simple moving average is $17.87 and its 200-day simple moving average is $16.33. The firm has a market cap of $6.78 billion, a PE ratio of -13.46 and a beta of 0.91. Healthcare Realty Trust Incorporated has a 12-month low of $12.77 and a 12-month 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) 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 during the quarter, compared to analyst estimates of $317.90 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently announced 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 dividend yield of 6.93%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently -93.23%.

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.