Greenleaf Trust Takes $194,000 Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Greenleaf Trust bought a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the fourth quarter, Holdings Channel.com reports. The fund bought 11,258 shares of the real estate investment trust’s stock, valued at approximately $194,000.

A number of other hedge funds have also bought and sold shares of the company. Provence Wealth Management Group bought a new stake in Healthcare Realty Trust in the third quarter valued at $25,000. Quent Capital LLC increased its holdings in Healthcare Realty Trust by 47.4% during the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 622 shares during the period. Legacy Financial Group LLC bought a new stake in Healthcare Realty Trust during the 3rd quarter worth approximately $34,000. International Assets Investment Management LLC bought a new stake in Healthcare Realty Trust during the 4th quarter worth approximately $45,000. Finally, Global Retirement Partners LLC increased its holdings in Healthcare Realty Trust by 87.7% during the 3rd quarter. Global Retirement Partners LLC now owns 4,797 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 2,242 shares during the period.

Analyst Ratings Changes

HR has been the subject of a number of research reports. Stifel Nicolaus cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $19.00 to $15.00 in a research note on Tuesday, February 20th. Wedbush cut shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. decreased their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft began coverage on shares of Healthcare Realty Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price target for the company. Finally, Wells Fargo & Company decreased their price target on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $17.20.

Healthcare Realty Trust Trading Down 2.4 %

NYSE HR opened at $14.04 on Friday. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $20.32. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of -18.97 and a beta of 0.79. The company’s 50 day moving average is $13.77 and its two-hundred day moving average is $15.07.

Healthcare Realty Trust (NYSE:HR) last released 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 return on equity of 3.87% and a negative net margin of 20.71%. The firm had revenue of $330.40 million for the quarter, compared to the consensus estimate of $334.32 million. During the same quarter in the previous year, the business posted $0.42 EPS. Healthcare Realty Trust’s revenue was down 2.2% on a year-over-year basis. Sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders 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 8.83%. The ex-dividend date of this dividend was Friday, February 23rd. Healthcare Realty Trust’s payout ratio is currently -167.57%.

Healthcare Realty Trust Company 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.