Sumitomo Mitsui DS Asset Management Company Ltd Has $1.07 Million Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 25.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 61,807 shares of the real estate investment trust’s stock after selling 21,583 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Healthcare Realty Trust were worth $1,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of HR. Provence Wealth Management Group acquired a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $25,000. Lindbrook Capital LLC boosted its position in shares of Healthcare Realty Trust by 106.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 954 shares in the last quarter. Quent Capital LLC boosted its position in shares of Healthcare Realty Trust by 47.4% during the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 622 shares in the last quarter. Legacy Financial Group LLC acquired a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at about $34,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at about $45,000.

Analysts Set New Price Targets

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

Healthcare Realty Trust Stock Down 2.4 %

Shares of NYSE HR opened at $14.04 on Friday. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $20.32. The company has a 50-day moving average of $13.77 and a two-hundred day moving average of $15.07.

Healthcare Realty Trust (NYSE:HR) last announced its 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). Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The company had revenue of $330.40 million during the quarter, compared to the consensus estimate of $334.32 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The company’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 year.

Healthcare Realty Trust Dividend Announcement

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