Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 8.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 220,566 shares of the real estate investment trust’s stock after acquiring an additional 16,704 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Healthcare Realty Trust worth $3,800,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. AE Wealth Management LLC boosted its position in Healthcare Realty Trust by 3.3% in the third quarter. AE Wealth Management LLC now owns 38,313 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 1,238 shares during the last quarter. Global Retirement Partners LLC boosted its position in Healthcare Realty Trust by 87.7% in the third quarter. Global Retirement Partners LLC now owns 4,797 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 2,242 shares during the last quarter. Presima Securities ULC boosted its position in Healthcare Realty Trust by 34.7% in the third quarter. Presima Securities ULC now owns 86,500 shares of the real estate investment trust’s stock valued at $1,321,000 after buying an additional 22,300 shares during the last quarter. Country Club Bank GFN boosted its position in Healthcare Realty Trust by 83.9% in the third quarter. Country Club Bank GFN now owns 285,793 shares of the real estate investment trust’s stock valued at $4,304,000 after buying an additional 130,381 shares during the last quarter. Finally, HGK Asset Management Inc. boosted its position in Healthcare Realty Trust by 14.1% in the third quarter. HGK Asset Management Inc. now owns 28,676 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 3,535 shares during the last quarter.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $14.25 on Tuesday. The company has a market cap of $5.43 billion, a price-to-earnings ratio of -19.26 and a beta of 0.79. The stock has a 50 day simple moving average of $13.83 and a 200-day simple moving average of $15.08. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $20.32.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results 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 business had revenue of $330.40 million for the quarter, compared to analyst estimates of $334.32 million. Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. The company’s quarterly revenue 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. Analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend was Friday, February 23rd. Healthcare Realty Trust’s payout ratio is -167.57%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HR. JPMorgan Chase & Co. dropped their target price on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. 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 report on Wednesday, April 10th. 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 report on Tuesday, February 20th. Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.