Healthcare Realty Trust Incorporated (NYSE:HR) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,253,697 shares of the real estate investment trust’s stock after selling 818,187 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Healthcare Realty Trust were worth $38,831,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Provence Wealth Management Group acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at $25,000. Sunbelt Securities Inc. acquired a new position in shares of Healthcare Realty Trust in the 1st quarter valued at $31,000. Quent Capital LLC boosted its position in shares of Healthcare Realty Trust by 47.4% in the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 622 shares during the period. Legacy Financial Group LLC acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at $34,000. Finally, Harbour Investments Inc. acquired a new position in shares of Healthcare Realty Trust in the 4th quarter valued at $39,000.

Analyst Upgrades and Downgrades

HR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target for the company. Wells Fargo & Company decreased their price target on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 10th. 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 research report on Wednesday, March 6th. Stifel Nicolaus lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th. Finally, Wedbush lowered Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.20.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $13.96 on Friday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of -18.86 and a beta of 0.79. Healthcare Realty Trust Incorporated has a 52-week low of $12.77 and a 52-week high of $20.32. The stock has a 50-day simple moving average of $13.86 and a 200-day simple moving average of $15.09.

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

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.24 annualized dividend and a dividend yield of 8.88%. Healthcare Realty Trust’s dividend payout ratio is -167.57%.

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.