DAVENPORT & Co LLC Decreases Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

DAVENPORT & Co LLC lessened its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 14.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,362 shares of the real estate investment trust’s stock after selling 1,953 shares during the quarter. DAVENPORT & Co LLC’s holdings in Healthcare Realty Trust were worth $196,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HR. State Street Corp lifted its stake in Healthcare Realty Trust by 146.6% during the third quarter. State Street Corp now owns 22,060,235 shares of the real estate investment trust’s stock worth $459,956,000 after purchasing an additional 13,113,673 shares during the last quarter. Invesco Ltd. lifted its stake in Healthcare Realty Trust by 479.6% during the first quarter. Invesco Ltd. now owns 5,767,849 shares of the real estate investment trust’s stock worth $158,500,000 after purchasing an additional 4,772,676 shares during the last quarter. Norges Bank acquired a new position in Healthcare Realty Trust during the fourth quarter worth approximately $71,155,000. Rush Island Management LP increased its position in Healthcare Realty Trust by 43.7% during the third quarter. Rush Island Management LP now owns 11,010,401 shares of the real estate investment trust’s stock worth $168,129,000 after buying an additional 3,350,506 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Healthcare Realty Trust by 1,943.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,019,473 shares of the real estate investment trust’s stock worth $58,367,000 after buying an additional 2,871,686 shares during the period.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $14.19 on Friday. The business’s fifty day moving average price is $14.08 and its 200 day moving average price is $15.13. The firm has a market capitalization of $5.41 billion, a PE ratio of -19.18 and a beta of 0.79. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $20.32.

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 firm had revenue of $330.40 million for 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%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Equities research analysts expect that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were given a $0.31 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.24 annualized dividend and a dividend yield of 8.74%. Healthcare Realty Trust’s dividend payout ratio is currently -167.57%.

Wall Street Analysts Forecast Growth

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

About Healthcare Realty Trust

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.