Handelsbanken Fonder AB Acquires 39,300 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Handelsbanken Fonder AB raised its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 68.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,836 shares of the real estate investment trust’s stock after purchasing an additional 39,300 shares during the period. Handelsbanken Fonder AB’s holdings in Healthcare Realty Trust were worth $1,668,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HR. Provence Wealth Management Group acquired a new position in shares of Healthcare Realty Trust during the third quarter worth $25,000. Lindbrook Capital LLC increased its position in shares of Healthcare Realty Trust by 106.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 954 shares in the last quarter. Quent Capital LLC increased its position in shares of 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 in the last quarter. Legacy Financial Group LLC acquired a new position in shares of Healthcare Realty Trust during the third quarter worth $34,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Healthcare Realty Trust in the 4th quarter valued at $45,000.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $14.14 on Friday. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $20.32. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of -19.11 and a beta of 0.79. The firm’s fifty day moving average is $13.77 and its two-hundred day moving average is $15.07.

Healthcare Realty Trust (NYSE:HR) last posted its 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). 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 analysts’ expectations of $334.32 million. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s revenue was down 2.2% compared to the same quarter last year. As a group, equities research analysts predict 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 announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend was Friday, February 23rd. Healthcare Realty Trust’s payout ratio is currently -167.57%.

Analyst Ratings Changes

Several equities analysts recently issued reports on HR shares. Wells Fargo & Company cut their target price on Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and cut their target price for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft started coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 target price on the stock. Finally, JPMorgan Chase & Co. cut 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Healthcare Realty Trust currently has a consensus 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.