Channing Capital Management LLC Makes New Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Channing Capital Management LLC bought a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 449,702 shares of the real estate investment trust’s stock, valued at approximately $7,748,000. Channing Capital Management LLC owned about 0.12% of Healthcare Realty Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Nordea Investment Management AB raised its holdings in shares of Healthcare Realty Trust by 18.3% during the 4th quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust’s stock worth $33,405,000 after acquiring an additional 297,603 shares during the period. abrdn plc grew its stake in shares of Healthcare Realty Trust by 192.4% in the 4th quarter. abrdn plc now owns 247,562 shares of the real estate investment trust’s stock valued at $4,265,000 after buying an additional 162,886 shares during the period. New York Life Investment Management LLC increased its holdings in shares of Healthcare Realty Trust by 81.3% during the 3rd quarter. New York Life Investment Management LLC now owns 47,537 shares of the real estate investment trust’s stock worth $726,000 after buying an additional 21,315 shares during the last quarter. Beach Investment Counsel Inc. PA raised its position in shares of Healthcare Realty Trust by 148.6% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock valued at $29,136,000 after buying an additional 1,010,841 shares during the period. Finally, Raymond James & Associates lifted its holdings in Healthcare Realty Trust by 3.3% in the third quarter. Raymond James & Associates now owns 945,489 shares of the real estate investment trust’s stock valued at $14,438,000 after acquiring an additional 30,349 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Wedbush cut shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Stifel Nicolaus lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Healthcare Realty Trust Stock Performance

Shares of NYSE:HR traded up $0.32 during trading on Friday, hitting $14.88. The company’s stock had a trading volume of 3,483,616 shares, compared to its average volume of 3,544,087. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $20.30. The business has a 50 day moving average price of $13.83 and a two-hundred day moving average price of $15.05. The company has a market capitalization of $5.67 billion, a PE ratio of -20.11 and a beta of 0.78.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.51). The company had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 earnings per share. As a group, equities analysts expect that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.33%. The ex-dividend date of this dividend is Friday, May 10th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -167.57%.

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.