Mirae Asset Global Investments Co. Ltd. Makes New $219,000 Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,691 shares of the real estate investment trust’s stock, valued at approximately $219,000.

Other hedge funds have also recently modified their holdings of the company. Provence Wealth Management Group acquired a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth approximately $25,000. Quent Capital LLC increased its holdings in shares of 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 buying an additional 622 shares during the last quarter. Legacy Financial Group LLC acquired a new stake in shares of Healthcare Realty Trust during the 3rd quarter worth approximately $34,000. International Assets Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust during the 4th quarter worth approximately $45,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Healthcare Realty Trust by 59.9% during the 4th quarter. Global Retirement Partners LLC now owns 7,670 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 2,873 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. 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 for the company in a report on Wednesday, April 10th. 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 report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 target price for the company. Stifel Nicolaus downgraded shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Finally, Wedbush downgraded shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.20.

Healthcare Realty Trust Stock Up 0.8 %

Shares of HR stock opened at $14.14 on Friday. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $20.32. The stock has a market capitalization of $5.39 billion, a PE ratio of -19.11 and a beta of 0.79. The firm has a 50 day moving average of $13.77 and a two-hundred day moving average of $15.07.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data 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 analysts’ expectations 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 revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. Analysts expect that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company 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. The ex-dividend date was Friday, February 23rd. This represents a $1.24 annualized dividend and a dividend yield of 8.77%. Healthcare Realty Trust’s dividend payout ratio (DPR) 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.