The Vanguard Group, Inc. recently announced the acquisition of new stake in Healthcare Realty Trust Incorporated (NYSE:HR). The institutional investor has increased its shareholding in the Real Estate company by 0.30% to 19.49 million shares with purchase of 58076.0 shares. This fresh investment now brings its stake to 14.45% valued currently at $570.97 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.15 million to 7.52 million shares. And PGGM Vermogensbeheer BV has lifted its position by 18.11% or 0.96 million shares – to 6.24 million shares.
With over 0.69 million Healthcare Realty Trust Incorporated (HR) shares trading Wednesday and a closing price of $29.62 on the day, the dollar volume was approximately $20.38 million. The shares have shown a positive weekly performance of 4.48% and its price on 07/28/20 gained nearly 1.65%. Currently, there are 134.93M common shares owned by the public and among those 133.76M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for HR have a consensus price objective of $31.89. The analysts have set the share’s price value over the next 12 months at a high of $38.00 and a low of $29.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Healthcare Realty Trust Incorporated stock is 2.80 for the next 12 months. The average price target is 4.14% above its last price level and an upside to the estimated low will see the stock lose -2.14% over that period. But an upside of 22.05% will see the stock hit the forecast high price target while mean target price for the stock is $30.00.
Insiders at the company have transacted a total of 28 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 167,501 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 38,260 shares.
The top 3 mutual fund holders in Healthcare Realty Trust Incorporated are Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and iShares Core S&P Mid Cap ETF. Vanguard Real Estate Index Fund owns 6.05 million shares of the company’s stock, all valued at over $177.09 million. The company bought an additional 52018.0 shares recently to bring their total holdings to about 4.48% of the shares outstanding. Vanguard Total Stock Market Index sold 12946.0 shares to see its total holdings shrink to 3.85 million shares valued at over $112.63 million and representing 2.85% of the shares outstanding. iShares Core S&P Mid Cap ETF now owns shares totaling to 2.69% of the shares outstanding.
Shares of Healthcare Realty Trust Incorporated (NYSE: HR) opened at $28.66, down -$0.48 from a prior closing price of $29.14. However, the script later closed the day at $29.62, up 1.65%. The company’s stock has a 5-day price change of 4.48% and 0.69% over the past three months. HR shares are trading -12.68% year to date (YTD), with the 12-month market performance down to -9.89% lower. It has a 12-month low price of $24.10 and touched a high of $37.97 over the same period. Currently, 0.69 million shares have been traded, compared to an average intraday trading volume of 1.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.27%, -1.18%, and -7.26% respectively.
Institutional ownership of Healthcare Realty Trust Incorporated (NYSE: HR) shares accounts for 98.60% of the company’s 134.93M shares outstanding. Mutual fund holders own 38.76%, while other institutional holders and individual stakeholders account for 62.45% and 2.26% respectively.
It has a market capitalization of $3.93B and a beta (3y monthly) value of 0.55. The stock’s trailing 12-month PE ratio is 104.82, while the earnings-per-share (ttm) stands at $0.28. The company has a PEG of 10.48 and the debt-to-equity ratio at 0.89. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.56% over the week and 2.68% over the month.
Analysts forecast that Healthcare Realty Trust Incorporated (HR) will achieve an EPS of $0.03 for the current quarter, $0.05 for the next quarter and $0.25 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of $0.05. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to decrease by -47.00%, and 31.05% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -3.60% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate Healthcare Realty Trust Incorporated (HR) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 8 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HR, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on April 07, 2020, with the firm’s price target at $38-$29. BMO Capital Markets coverage for the Healthcare Realty Trust Incorporated (HR) stock in a research note released on March 09, 2020 offered a Outperform rating with a price target of. Mizuho was of a view on December 20, 2019 that the stock is Neutral, while Citigroup gave the stock Buy rating on December 12, 2019, issuing a price target of $34- $38. Stifel on their part issued Buy rating on November 26, 2019.