California Public Employees Retirement System Lowers Position in Healthcare Realty Trust Incorporated (NYSE:HR)

California Public Employees Retirement System lessened its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 2,100,389 shares of the real estate investment trust’s stock after selling 26,461 shares during the quarter. California Public Employees Retirement System’s holdings in Healthcare Realty Trust were worth $36,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HR. Provence Wealth Management Group purchased a new position in Healthcare Realty Trust during the third quarter valued at $25,000. Lindbrook Capital LLC raised its stake in Healthcare Realty Trust by 106.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 954 shares during the last quarter. Quent Capital LLC raised its stake in Healthcare Realty Trust by 47.4% during the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 622 shares during the last quarter. Legacy Financial Group LLC purchased a new position in Healthcare Realty Trust during the third quarter valued at $34,000. Finally, International Assets Investment Management LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $45,000.

Healthcare Realty Trust Stock Up 0.8 %

Shares of HR opened at $14.14 on Friday. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $20.32. The business has a fifty day moving average of $13.77 and a 200 day moving average of $15.07.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The company had revenue of $330.40 million for the quarter, compared to the consensus estimate of $334.32 million. During the same period in the prior year, the firm posted $0.42 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts predict that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, February 26th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.77%. The ex-dividend date was Friday, February 23rd. Healthcare Realty Trust’s dividend payout ratio is presently -167.57%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HR. Wells Fargo & Company lowered their price objective on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 target price for the company. Wedbush lowered Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. reduced their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Finally, Stifel Nicolaus lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.