Sequoia Financial Advisors LLC Takes Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Sequoia Financial Advisors LLC acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the fourth quarter, HoldingsChannel reports. The firm acquired 20,534 shares of the real estate investment trust’s stock, valued at approximately $354,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Provence Wealth Management Group acquired a new position in Healthcare Realty Trust during the 3rd quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new position in Healthcare Realty Trust during the first quarter worth $31,000. Quent Capital LLC boosted its holdings 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 worth $33,000 after purchasing an additional 622 shares during the last quarter. Legacy Financial Group LLC bought a new position in Healthcare Realty Trust in the third quarter valued at $34,000. Finally, Harbour Investments Inc. acquired a new stake in Healthcare Realty Trust in the 4th quarter valued at $39,000.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $13.81 on Friday. The business has a fifty day simple moving average of $13.89 and a two-hundred day simple moving average of $15.09. 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 capitalization of $5.26 billion, a price-to-earnings ratio of -18.66 and a beta of 0.79.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.51). The company had revenue of $330.40 million during the quarter, compared to the consensus estimate of $334.32 million. Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. Healthcare Realty Trust’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, equities analysts anticipate 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. Shareholders of record on Monday, February 26th were given a dividend of $0.31 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.24 annualized dividend and a yield of 8.98%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -167.57%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective 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. Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from $19.00 to $15.00 in a research note on Tuesday, February 20th. 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, April 10th. Wedbush cut 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 note on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Healthcare Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.20.

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.