Strs Ohio Cuts Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Strs Ohio lessened its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 422,508 shares of the real estate investment trust’s stock after selling 91,856 shares during the quarter. Strs Ohio’s holdings in Healthcare Realty Trust were worth $7,279,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Healthcare Realty Trust by 0.9% in the 1st quarter. BlackRock Inc. now owns 45,751,993 shares of the real estate investment trust’s stock valued at $884,386,000 after buying an additional 425,269 shares during the period. State Street Corp grew its stake in Healthcare Realty Trust by 0.5% during the 1st quarter. State Street Corp now owns 22,728,519 shares of the real estate investment trust’s stock worth $439,342,000 after purchasing an additional 109,568 shares in the last quarter. Vanguard Group Inc. grew its stake in Healthcare Realty Trust by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 22,207,069 shares of the real estate investment trust’s stock worth $610,251,000 after purchasing an additional 585,270 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Healthcare Realty Trust by 4.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 14,405,624 shares of the real estate investment trust’s stock worth $219,974,000 after purchasing an additional 567,206 shares in the last quarter. Finally, Nuance Investments LLC grew its stake in Healthcare Realty Trust by 0.7% during the 3rd quarter. Nuance Investments LLC now owns 11,593,009 shares of the real estate investment trust’s stock worth $177,025,000 after purchasing an additional 81,427 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently commented on HR. Wedbush cut Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $18.00 target price for the company. Stifel Nicolaus cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Wells Fargo & Company lowered their target price 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. Finally, JPMorgan Chase & Co. lowered their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.20.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock opened at $13.74 on Thursday. The stock has a 50-day simple moving average of $13.93 and a 200-day simple moving average of $15.10. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $20.32.

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 for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). The firm had revenue of $330.40 million during the quarter, compared to analyst estimates 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 business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 EPS. On average, research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.02%. The ex-dividend date was Friday, February 23rd. Healthcare Realty Trust’s dividend 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.