Cohen & Steers Capital Management has recently announced that it has increased stake in Healthcare Realty Trust Inc (NYSE:HR) by 1.39%. After grabbing 64.41 million shares, the institutional investor is now in possession of 0.88 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 16.91% having worth around $983.55 million. Moreover, BlackRock Fund Advisors increased its share by 0.6 million to have a control over 37.29 million shares. And SSgA Funds Management, Inc. raised its holdings to 36648.0 shares by acquiring 22.46 million shares or 5.90% of the stake.
Healthcare Realty Trust Inc (HR) concluded trading on December 20, 2023 at a closing price of $17.11, with 3.28 million shares of worth about $56.2 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.31% during that period and On Wednesday the price saw a gain of about 0.29%. Currently the company’s common shares owned by public are about 380.59M shares, out of which, 376.70M shares are available for trading.
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Vanguard Real Estate Index Fund, Vanguard Total Stock Market ETF, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Healthcare Realty Trust Inc Vanguard Real Estate Index Fund is currently holding 15.69 million shares of worth totaling $239.64 million. The company recently came selling -0.11 million shares which brought its stake up to 4.12% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 96217.0 shares, after which its hold over company’s outstanding shares expand to 3.15%, leaving 11.99 million shares with the mutual fund that have a worth of about $183.09 million. iShares Core S&P Mid Cap ETF, after buying 11.75 million shares, have now control over 3.09% of the stake in the company. It holds 2084.0 shares of worth $179.4 million.
However, the stock later moved at a day high price of 17.52, or with a gain of 0.29%. Stock saw a price change of 3.07% in past 5 days and over the past one month there was a price change of 16.95%. Year-to-date (YTD), HR shares are showing a performance of -11.21% which decreased to -7.41% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.86 but also hit the highest price of $22.35 during that period. The average intraday trading volume for Healthcare Realty Trust Inc shares is 3.88 million. The stock is currently trading 8.85% above its 20-day simple moving average (SMA20), while that difference is up 13.59% for SMA50 and it goes to -2.68% lower than SMA200.
Cohen & Steers Capital Management acquired 64.41 million shares of Healthcare Realty Trust Inc having value of about $983.55 million. Data submitted at the U.S SEC by Cohen & Steers Capital Management revealed that the firm now holds 0.88 million shares in the company valued at close to $15129876.81, or have control over 1.39% stake in the company. Healthcare Realty Trust Inc (NYSE: HR) currently have 380.59M outstanding shares and institutions hold larger chunk of about 103.43% of that. Holding of mutual funds in the company is about 48.11% while other institutional holders and individual stake holders have control over 56.23% and 0.92% of the stake respectively.
The stock has a current market capitalization of $6.52B and its 3Y-monthly beta is at 0.83. It has posted earnings per share of -$0.73 in the same period. It has a debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HR, volatility over the week remained 2.66% while standing at 3.03% over the month.
Analysts are in expectations that Healthcare Realty Trust Inc (HR) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is -$0.45 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.13 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -757.94% while it is estimated to increase by 48.03% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on October 24, 2023 offering a Buy rating for the stock and assigned a target price of $17 to it.
