Healthcare Realty Trust Incorporated (NYSE: HR) sees significant drop in short-term interest
Healthcare Realty Trust Incorporated (NYSE: HR) recorded a sharp decline in short-term interest in October. As of October 29, there was short interest totaling 3,450,000 shares, a decrease of 16.1% from the total of 4,110,000 shares as of October 14. Based on an average daily trading volume of 1,170,000 shares, the short-term interest ratio is currently 2.9 days.
In related news, Executive Vice President John M. Bryant, Jr. sold 2,896 shares of the company in a transaction dated Thursday, September 23. The shares were sold at an average price of $ 31.01, for a total value of $ 89,804.96. The transaction was disclosed in a file with the SEC, accessible through this link. Company insiders own 0.90% of the company’s shares.
Several hedge funds have recently increased or reduced their holdings in HR. Private Ocean LLC purchased a new position in Healthcare Realty Trust in the third quarter for a value of approximately $ 30,000. Farmers & Merchants Investments Inc. acquired a new position in Healthcare Realty Trust in the third quarter, valued at approximately $ 33,000. Marshall Wace North America LP acquired a new position in Healthcare Realty Trust during the first quarter valued at approximately $ 39,000. Bbva USA acquired a new position in Healthcare Realty Trust in the second quarter for a value of approximately $ 56,000. Finally, FourThought Financial LLC increased its stake in Healthcare Realty Trust by 225.6% in the third quarter. FourThought Financial LLC now owns 2,595 real estate investment trust shares valued at $ 77,000 after purchasing an additional 1,798 shares in the last quarter. Hedge funds and other institutional investors hold 94.51% of the company’s shares.
A number of analysts recently commented on the headline. TheStreet downgraded Healthcare Realty Trust shares from a “c” to a “b-” rating in a research note on Tuesday, October 12th. Raymond James downgraded Healthcare Realty Trust shares from a âstrong buyâ rating to a âmarket performanceâ rating in a Friday August 20 research note. Morgan Stanley raised its target price on Healthcare Realty Trust shares from $ 31.00 to $ 33.00 and gave the company an “equal weight” rating in a report released Thursday, July 29. Finally, Zacks Investment Research downgraded Healthcare Realty Trust shares from a âbuyâ rating to a âholdâ rating in a report released on Thursday, August 5. Five analysts rated the stock with a conservation rating and one gave the company a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $ 32.80.
HR shares traded at $ 0.11 on Monday, hitting $ 32.50. 1,998 shares of the stock traded for an average volume of 987,567. The company’s 50-day moving average price is $ 31.64 and its two-hundred-day moving average price is $ 31.10 . Healthcare Realty Trust has a twelve month minimum of $ 28.00 and a twelve month maximum of $ 33.77. The company has a leverage ratio of 0.81, a quick ratio of 0.20, and a current ratio of 0.20. The stock has a market cap of $ 4.80 billion, a PE ratio of 19.18 and a beta of 0.59.
Healthcare Realty Trust (NYSE: HR) last released its results on Wednesday, November 3. The REIT reported ($ 0.02) EPS for the quarter, missing Zacks’ consensus estimate ($ 0.45) by $ 0.43. Healthcare Realty Trust had a net margin of 5.57% and a return on equity of 1.43%. In the same quarter of last year, the company posted earnings per share of $ 0.41. On average, equity research analysts predict Healthcare Realty Trust will post 1.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 30. Shareholders of record on Monday, November 15 will receive a dividend of $ 0.3025 per share. The ex-dividend date is Friday, November 12. This represents a dividend of $ 1.21 on an annualized basis and a return of 3.72%. Healthcare Realty Trust’s dividend payout ratio (DPR) is currently 636.88%.
About Healthcare Realty Trust
Healthcare Realty Trust, Inc. is a real estate investment trust. It owns, leases, manages, acquires, finances, develops and redevelopes income producing real estate associated primarily with the provision of ambulatory health care services in the United States of America. The company was founded by David R.
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