Retirement Systems of Alabama Purchases 1,481 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Retirement Systems of Alabama raised its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 0.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,124,224 shares of the real estate investment trust’s stock after purchasing an additional 1,481 shares during the quarter. Retirement Systems of Alabama’s holdings in Healthcare Realty Trust were worth $19,370,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D lifted its position in Healthcare Realty Trust by 2.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 437,994 shares of the real estate investment trust’s stock valued at $7,547,000 after purchasing an additional 9,207 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Healthcare Realty Trust in the fourth quarter valued at approximately $232,000. GAMMA Investing LLC bought a new stake in Healthcare Realty Trust in the fourth quarter valued at approximately $107,000. Significant Wealth Partners LLC bought a new stake in Healthcare Realty Trust in the fourth quarter valued at approximately $1,742,000. Finally, Commerzbank Aktiengesellschaft FI lifted its position in Healthcare Realty Trust by 69.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 29,633 shares of the real estate investment trust’s stock valued at $511,000 after purchasing an additional 12,133 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HR. Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Wells Fargo & Company decreased their target price on 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. Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $18.00 target price for the company. Finally, JPMorgan Chase & Co. decreased 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. 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, the stock has an average rating of “Hold” and an average target price of $17.20.

Healthcare Realty Trust Stock Down 0.1 %

Shares of HR stock opened at $14.23 on Wednesday. The business’s fifty day moving average is $13.76 and its 200 day moving average is $15.07. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $20.32.

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

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were paid a $0.31 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.24 annualized dividend and a yield of 8.71%. Healthcare Realty Trust’s payout ratio is -167.57%.

Healthcare Realty Trust 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.