Arizona State Retirement System Acquires 2,572 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Arizona State Retirement System raised its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,467 shares of the real estate investment trust’s stock after purchasing an additional 2,572 shares during the period. Arizona State Retirement System’s holdings in Healthcare Realty Trust were worth $1,834,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HR. Sunbelt Securities Inc. acquired a new position in shares of Healthcare Realty Trust in the 1st quarter worth approximately $31,000. Provence Wealth Management Group acquired a new position in Healthcare Realty Trust in the third quarter valued at $25,000. Quent Capital LLC boosted its position in Healthcare Realty Trust by 47.4% during the fourth 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 during the last quarter. Harbour Investments Inc. bought a new stake in Healthcare Realty Trust during the fourth quarter valued at $39,000. Finally, Legacy Financial Group LLC acquired a new stake in Healthcare Realty Trust during the 3rd quarter worth about $34,000.

Healthcare Realty Trust Trading Down 0.5 %

HR opened at $14.12 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 market cap of $5.38 billion, a price-to-earnings ratio of -19.08 and a beta of 0.79. The company’s fifty day moving average price is $14.04 and its two-hundred day moving average price is $15.12.

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 the consensus estimate 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 business had revenue of $330.40 million for the quarter, compared to the consensus estimate of $334.32 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. As a group, equities analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.78%. Healthcare Realty Trust’s dividend payout ratio is presently -167.57%.

Analyst Upgrades and Downgrades

HR has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Wedbush cut 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 report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of Healthcare Realty Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price objective for the company. Stifel Nicolaus lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Healthcare Realty Trust presently has a consensus rating of “Hold” and a consensus target price 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.