New York State Common Retirement Fund Sells 32,771 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

New York State Common Retirement Fund reduced its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 12.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 230,955 shares of the real estate investment trust’s stock after selling 32,771 shares during the period. New York State Common Retirement Fund owned about 0.06% of Healthcare Realty Trust worth $3,979,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Provence Wealth Management Group bought a new stake in Healthcare Realty Trust in the 3rd quarter valued at about $25,000. Lindbrook Capital LLC boosted its stake in shares of Healthcare Realty Trust by 106.0% in 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 period. Quent Capital LLC grew its position 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 worth $33,000 after buying an additional 622 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Healthcare Realty Trust during the fourth quarter worth approximately $45,000. Finally, Global Retirement Partners LLC increased its stake in Healthcare Realty Trust by 59.9% during the 4th quarter. Global Retirement Partners LLC now owns 7,670 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 2,873 shares during the period.

Healthcare Realty Trust Stock Up 2.2 %

Shares of Healthcare Realty Trust stock opened at $14.88 on Monday. The company has a market cap of $5.67 billion, a PE ratio of -20.11 and a beta of 0.78. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $20.30. The business has a 50 day moving average of $13.83 and a 200 day moving average of $15.05.

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

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 annualized dividend and a dividend yield of 8.33%. Healthcare Realty Trust’s payout ratio is -167.57%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $19.00 to $15.00 in a research 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 research report on Wednesday, March 6th. Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $18.00 price target for the company. Finally, Wells Fargo & Company reduced their price objective on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.