Corebridge Financial Inc. Trims Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Corebridge Financial Inc. lowered its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 400,991 shares of the real estate investment trust’s stock after selling 28,435 shares during the period. Corebridge Financial Inc.’s holdings in Healthcare Realty Trust were worth $6,797,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HR. LPL Financial LLC boosted its position in shares of Healthcare Realty Trust by 5.3% in the fourth quarter. LPL Financial LLC now owns 292,851 shares of the real estate investment trust’s stock valued at $4,964,000 after acquiring an additional 14,616 shares during the period. Samalin Investment Counsel LLC boosted its holdings in Healthcare Realty Trust by 6.9% in the 4th quarter. Samalin Investment Counsel LLC now owns 31,777 shares of the real estate investment trust’s stock valued at $539,000 after purchasing an additional 2,050 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Healthcare Realty Trust during the 4th quarter valued at $1,271,000. Sei Investments Co. increased its holdings in shares of Healthcare Realty Trust by 17.4% in the fourth quarter. Sei Investments Co. now owns 2,849,743 shares of the real estate investment trust’s stock worth $48,303,000 after purchasing an additional 422,940 shares during the period. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Healthcare Realty Trust in the fourth quarter worth $85,000.

Wall Street Analyst Weigh In

HR has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $16.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Friday, December 20th. Scotiabank cut their price target on shares of 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. Finally, StockNews.com lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Healthcare Realty Trust presently has a consensus rating of “Hold” and an average price target of $17.00.

Healthcare Realty Trust Price Performance

NYSE:HR opened at $16.76 on Friday. Healthcare Realty Trust Incorporated has a 1-year low of $13.64 and a 1-year high of $18.90. The business has a 50 day moving average of $16.66 and a 200 day moving average of $17.23. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of -9.41 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. During the same period in the previous year, the business posted $0.39 EPS. The business’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

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 dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.40%. Healthcare Realty Trust’s dividend payout ratio (DPR) 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.