Treasurer of the State of North Carolina Reduces Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Treasurer of the State of North Carolina reduced its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 155,286 shares of the real estate investment trust’s stock after selling 10,830 shares during the period. Treasurer of the State of North Carolina’s holdings in Healthcare Realty Trust were worth $2,632,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Healthcare Realty Trust in the 4th quarter worth $76,825,000. Candriam S.C.A. grew its holdings in Healthcare Realty Trust by 201.4% during the fourth quarter. Candriam S.C.A. now owns 1,729,651 shares of the real estate investment trust’s stock valued at $29,318,000 after purchasing an additional 1,155,745 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Healthcare Realty Trust by 289.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,552,109 shares of the real estate investment trust’s stock worth $26,308,000 after buying an additional 1,153,657 shares in the last quarter. Aew Capital Management L P raised its stake in shares of Healthcare Realty Trust by 1,582.3% in the fourth quarter. Aew Capital Management L P now owns 920,560 shares of the real estate investment trust’s stock worth $15,603,000 after buying an additional 865,840 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Healthcare Realty Trust by 22.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,772,522 shares of the real estate investment trust’s stock valued at $46,993,000 after buying an additional 508,045 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Friday, December 20th. Wedbush upgraded shares of Healthcare Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, April 7th. StockNews.com downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Wells Fargo & Company decreased their price target on Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Finally, Jefferies Financial Group lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Healthcare Realty Trust Stock Up 0.2 %

Shares of HR stock opened at $15.73 on Thursday. The company’s fifty day simple moving average is $16.41 and its two-hundred day simple moving average is $16.99. Healthcare Realty Trust Incorporated has a 52 week low of $13.64 and a 52 week high of $18.90. The stock has a market cap of $5.52 billion, a P/E ratio of -8.84 and a beta of 0.85.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $309.77 million for the quarter, compared to the consensus estimate of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. On average, analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -69.66%.

Healthcare Realty Trust Company Profile

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.