Raymond James Financial Services Advisors Inc. Has $513,000 Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Raymond James Financial Services Advisors Inc. lessened its stake in Healthcare Realty Trust Incorporated (NYSE:HR) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,762 shares of the real estate investment trust’s stock after selling 2,104 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Healthcare Realty Trust were worth $513,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HR. State Street Corp increased its stake in shares of Healthcare Realty Trust by 146.6% during the 3rd 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. boosted its holdings in Healthcare Realty Trust by 479.6% in the 1st quarter. Invesco Ltd. now owns 5,767,849 shares of the real estate investment trust’s stock valued at $158,500,000 after purchasing an additional 4,772,676 shares during the period. Norges Bank bought a new stake in Healthcare Realty Trust in the 4th quarter valued at $71,155,000. Rush Island Management LP boosted its holdings in Healthcare Realty Trust by 43.7% in the 3rd quarter. Rush Island Management LP now owns 11,010,401 shares of the real estate investment trust’s stock valued at $168,129,000 after purchasing an additional 3,350,506 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Healthcare Realty Trust by 1,943.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,019,473 shares of the real estate investment trust’s stock valued at $58,367,000 after purchasing an additional 2,871,686 shares during the period.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $13.96 on Friday. The company has a market capitalization of $5.32 billion, a PE ratio of -18.86 and a beta of 0.79. The company has a 50 day simple moving average of $13.86 and a two-hundred day simple moving average of $15.08. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $20.32.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.51). The business had revenue of $330.40 million for the quarter, compared to the consensus estimate of $334.32 million. Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. Healthcare Realty Trust’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.42 earnings per share. Research analysts predict that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders 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 dividend yield of 8.88%. The ex-dividend date was Friday, February 23rd. Healthcare Realty Trust’s payout ratio is -167.57%.

Wall Street Analyst Weigh In

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