AQR Capital Management LLC Has $11.02 Million Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

AQR Capital Management LLC increased its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 72.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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’s holdings in Healthcare Realty Trust were worth $11,019,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Healthcare Realty Trust by 38.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,276 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 628 shares during the period. Victory Capital Management Inc. increased its position in Healthcare Realty Trust by 1.1% in the second quarter. Victory Capital Management Inc. now owns 81,598 shares of the real estate investment trust’s stock worth $1,345,000 after purchasing an additional 848 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Healthcare Realty Trust by 1.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 66,654 shares of the real estate investment trust’s stock worth $1,098,000 after purchasing an additional 929 shares during the last quarter. Muzinich & Co. Inc. lifted its position in Healthcare Realty Trust by 98.1% during the 4th quarter. Muzinich & Co. Inc. now owns 2,179 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 1,079 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of Healthcare Realty Trust by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 222,297 shares of the real estate investment trust’s stock valued at $3,144,000 after purchasing an additional 1,140 shares during the last quarter.

Healthcare Realty Trust Stock Down 1.2 %

HR opened at $17.69 on Thursday. The stock has a market cap of $6.70 billion, a P/E ratio of -13.30 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. The company has a fifty day simple moving average of $17.87 and a 200 day simple moving average of $16.34.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results 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 return on equity of 8.50% and a negative net margin of 42.79%. The business had revenue of $316.30 million for the quarter, compared to analyst estimates of $317.90 million. During the same period in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts expect that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business 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. 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 payout ratio is currently -93.23%.

Insider Activity

In related news, Director John Knox Singleton acquired 6,500 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 57,082 shares in the company, valued at approximately $1,041,175.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 9,000 shares of the stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $17.39 per share, for a total transaction of $156,510.00. Following the completion of the acquisition, the director now directly owns 22,252 shares of the company’s stock, valued at $386,962.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Knox Singleton acquired 6,500 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $18.24 per share, for a total transaction of $118,560.00. Following the transaction, the director now owns 57,082 shares of the company’s stock, valued at $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 quarter. 0.56% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on HR. 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 note on Wednesday, August 7th. Wells Fargo & Company reiterated an “underweight” rating and set a $17.00 target price (up previously from $16.00) on shares of Healthcare Realty Trust in a research report on Tuesday. Finally, Wedbush raised their price target on 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Healthcare Realty Trust currently has an average rating of “Hold” and an average target price of $17.13.

About Healthcare Realty Trust

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.