The Vanguard Group, Inc. has recently announced that it has increased stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 1.24%. After grabbing 53.35 million shares, the institutional investor is now in possession of 0.65 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 14.02% having worth around $1.08 billion. Moreover, BlackRock Fund Advisors increased its share by 0.96 million to have a control over 30.22 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.39 million shares by acquiring 18.83 million shares or 4.95% of the stake.
Healthcare Realty Trust Incorporated (HR) concluded trading on 11/17/22 at a closing price of $19.17, with 3.59 million shares of worth about $68.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.46% during that period and on Thursday the price saw a loss of about -1.29%. Currently the company’s common shares owned by public are about 380.57M shares, out of which, 379.58M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the HR stock and their offered price forecasts bring an average price target of $26.40. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $33.00 and could fall to a lowest price of $21.00. The stock’s current price level is 28.12% above of average price target set by the analysts, while a rise to estimated low would result in gain of 8.71% for the stock. However, touching the estimated high of $33.00 would mean a gain of 41.91% for the stock.
Vanguard Real Estate Index Fund, Stichting Pensioenfonds ABP, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in Healthcare Realty Trust Incorporated Vanguard Real Estate Index Fund is currently holding 17.33 million shares of worth totaling $352.25 million. The company recently came selling -0.16 million shares which brought its stake up to 4.55% of the company’s outstanding shares. Stichting Pensioenfonds ABP sold -0.71 million shares, after which its hold over company’s outstanding shares shrunk to 3.23%, leaving 12.3 million shares with the mutual fund that have a worth of about $250.11 million. iShares Core S&P Mid Cap ETF, after buying 11.44 million shares, have now control over 3.01% of the stake in the company. It holds 4446.0 shares of worth $232.5 million.
Healthcare Realty Trust Incorporated (NYSE: HR) started trading at $19.08, below -$0.34 from concluding price of the previous day. However, the stock later moved at a day high price of 19.19, or with a loss of -1.29%. Stock saw a price change of -7.44% in past 5 days and over the past one month there was a price change of 0.79%. Year-to-date (YTD), HR shares are showing a performance of -31.23% which decreased to -33.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.40 but also hit the highest price of $29.07 during that period. The average intraday trading volume for Healthcare Realty Trust Incorporated shares is 2.92 million. The stock is currently trading -3.14% below its 20-day simple moving average (SMA20), while that difference is down -7.85% for SMA50 and it goes to -20.38% lower than SMA200.
The Vanguard Group, Inc. acquired 53.35 million shares of Healthcare Realty Trust Incorporated having value of about $1.08 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.65 million shares in the company valued at close to $12492552.24, or have control over 1.24% stake in the company. Healthcare Realty Trust Incorporated (NYSE: HR) currently have 380.57M outstanding shares and institutions hold larger chunk of about 72.40% of that. Holding of mutual funds in the company is about 41.54% while other institutional holders and individual stake holders have control over 62.62% and 0.78% of the stake respectively.
The stock has a current market capitalization of $7.38B and its 3Y-monthly beta is at 0.70. PE ratio of stock for trailing 12 months is 39.94, while it has posted earnings per share of $0.48 in the same period. It has a debt-to-equity ratio of 0.73. 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 2.24% while standing at 2.96% over the month.
Analysts are in expectations that Healthcare Realty Trust Incorporated (HR) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.07 and it is $0.34 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.07 which is $0.14 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 $0.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 84.20% while it is estimated to decrease by -41.18% 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 Citigroup on September 19, 2022 offering a Buy rating for the stock and assigned a target price range of between $27 and $28 to it. Coverage by SMBC Nikko stated Healthcare Realty Trust Incorporated (HR) stock as an Outperform in their note to investors on August 11, 2022, suggesting a price target of $30 for the stock. On August 09, 2022, Citigroup Resumed their recommendations, while on July 21, 2022, JP Morgan Resumed their ratings for the stock with a price target of $27. Stock get an Overweight rating from CapitalOne on June 03, 2022.