Louisiana State Employees Retirement System Acquires New Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Louisiana State Employees Retirement System acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 107,000 shares of the real estate investment trust’s stock, valued at approximately $1,844,000.

Several other hedge funds have also recently added to or reduced their stakes in HR. Advisor Group Holdings Inc. raised its stake in Healthcare Realty Trust by 20.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,544 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 1,640 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Healthcare Realty Trust by 161.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,705 shares of the real estate investment trust’s stock valued at $569,000 after purchasing an additional 12,783 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Healthcare Realty Trust by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,073 shares of the real estate investment trust’s stock valued at $1,486,000 after purchasing an additional 5,156 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Healthcare Realty Trust by 5.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 202,034 shares of the real estate investment trust’s stock valued at $5,738,000 after purchasing an additional 10,717 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new position in Healthcare Realty Trust in the 1st quarter valued at $229,000.

Analysts Set New Price Targets

HR has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on 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 cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $19.00 to $15.00 in a 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 for the company in a report on Wednesday, April 10th. JPMorgan Chase & Co. dropped their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Finally, Wedbush cut Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. One research 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.com, the company presently has a consensus rating of “Hold” and an average price target of $17.20.

Healthcare Realty Trust Trading Up 0.5 %

NYSE HR opened at $13.81 on Friday. The stock has a market cap of $5.26 billion, a PE ratio of -18.66 and a beta of 0.79. Healthcare Realty Trust Incorporated has a twelve month low of $12.77 and a twelve month high of $20.32. The stock has a fifty day simple moving average of $13.89 and a 200-day simple moving average of $15.09.

Healthcare Realty Trust (NYSE:HR) last announced 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). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The firm had revenue of $330.40 million for the quarter, compared to analysts’ expectations of $334.32 million. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. Research analysts predict that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 8.98%. The ex-dividend date was Friday, February 23rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is -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.