Cohen & Steers Capital Management recently announced the acquisition of new stake in Healthcare Realty Trust Inc (NYSE:HR). The institutional investor has increased its shareholding in the Real Estate company by 1.39% to 64.41 million shares with purchase of 0.88 million shares. This fresh investment now brings its stake to 16.91% valued currently at $924.29 million. In addition, BlackRock Fund Advisors raised its holdings by 0.6 million to 37.29 million shares. And SSgA Funds Management, Inc. has lifted its position by 0.16% or 36648.0 shares – to 22.46 million shares.
With over 4.5 million Healthcare Realty Trust Inc (HR) shares trading Tuesday and a closing price of $15.68 on the day, the dollar volume was approximately $70.51 million. The shares have shown a negative half year performance of -19.34% and its price on 12/05/23 lost nearly -2.18%. Currently, there are 380.59M common shares owned by the public and among those 376.70M shares have been available to trade.
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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 $17.11. The analysts have set the share’s price value over the next 12 months at a high of $19.00 and a low of $15.00. The average price target is 8.36% above its recent price level and a downside to the estimated low will see the stock lose -4.53% over that period. But an upside of 17.47% will see the stock hit the forecast high price target while median target price for the stock is $17.00.
The top 3 mutual fund holders in Healthcare Realty Trust Inc are Vanguard Real Estate Index Fund, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF. Vanguard Real Estate Index Fund owns 15.69 million shares of the company’s stock, all valued at over $225.2 million. The company sold -0.11 million shares recently to bring their total holdings to about 4.12% of the shares outstanding. Vanguard Total Stock Market ETF bought 96217.0 shares to see its total holdings expand to 11.99 million shares valued at over $172.06 million and representing 3.15% of the shares outstanding. iShares Core S&P Mid Cap ETF now owns shares totaling to 3.09% of the shares outstanding.
Shares of Healthcare Realty Trust Inc (NYSE: HR) opened at $15.91, down -$0.12 from a prior closing price of $16.03. However, the script later moved the day high at 15.94, down -2.18%. The company’s stock has a 5-day price change of 4.39% and -7.76% over the past three months. HR shares are trading -18.63% year to date (YTD), with the 12-month market performance down to -23.25% lower. It has a 12-month low price of $13.86 and touched a high of $22.35 over the same period. HR has an average intraday trading volume of 3.67 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 6.30%, 6.30%, and -11.80% respectively.
Institutional ownership of Healthcare Realty Trust Inc (NYSE: HR) shares accounts for 104.68% of the company’s 380.59M shares outstanding. Mutual fund holders own 49.30%, while other institutional holders and individual stakeholders account for 56.32% and 0.91% respectively.
It has a market capitalization of $5.97B and a beta (3y monthly) value of 0.81. The earnings-per-share (ttm) stands at -$0.73. The company has a debt-to-equity ratio at 0.80. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.57% over the week and 3.37% over the month.
Analysts forecast that Healthcare Realty Trust Inc (HR) will achieve an EPS of -$0.11 for the current quarter, -$0.12 for the next quarter and -$0.41 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.12 while analysts give the company a high EPS estimate of -$0.08. Comparatively, EPS for the current quarter was -$0.09 a year ago. Earnings per share for the fiscal year are expected to decrease by -749.64%, and 49.18% over the next financial year.
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 Inc (HR) as a “Moderate Buy” at a consensus score of 2.09. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 6 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. BTIG Research stated their Buy rating for the stock in a research note on October 24, 2023, with the firm’s price target at $17.
