Cerity Partners LLC Takes $464,000 Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Cerity Partners LLC acquired a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,933 shares of the real estate investment trust’s stock, valued at approximately $464,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Provence Wealth Management Group bought a new stake in shares of Healthcare Realty Trust in the third quarter worth about $25,000. Quent Capital LLC grew its stake in shares of Healthcare Realty Trust by 47.4% in the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 622 shares during the last quarter. Legacy Financial Group LLC bought a new stake in shares of Healthcare Realty Trust in the third quarter worth about $34,000. International Assets Investment Management LLC bought a new stake in shares of Healthcare Realty Trust in the fourth quarter worth about $45,000. Finally, Global Retirement Partners LLC grew its stake in shares of Healthcare Realty Trust by 87.7% in the third quarter. Global Retirement Partners LLC now owns 4,797 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 2,242 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have commented on HR shares. Stifel Nicolaus lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. lowered their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Wells Fargo & Company lowered their price objective on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Wedbush lowered shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $15.00 in a report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price objective for the company. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.20.

Healthcare Realty Trust Stock Performance

HR stock opened at $14.04 on Friday. The firm has a 50 day moving average price of $13.77 and a 200-day moving average price of $15.07. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $20.32. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of -18.97 and a beta of 0.79.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The firm had revenue of $330.40 million during the quarter, compared to analysts’ expectations of $334.32 million. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Healthcare Realty Trust’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were issued a $0.31 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 8.83%. Healthcare Realty Trust’s payout ratio is currently -167.57%.

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.