GAMMA Investing LLC Acquires Shares of 6,649 Healthcare Realty Trust Incorporated (NYSE:HR)

GAMMA Investing LLC acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,649 shares of the real estate investment trust’s stock, valued at approximately $107,000.

Several other hedge funds also recently bought and sold shares of HR. Provence Wealth Management Group bought a new position in Healthcare Realty Trust in the 3rd quarter valued at $25,000. Lindbrook Capital LLC grew its position in shares of Healthcare Realty Trust by 106.0% during the 4th quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 954 shares in the last quarter. Quent Capital LLC grew its position 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 in the last quarter. Legacy Financial Group LLC bought a new position in shares of Healthcare Realty Trust during the 3rd quarter worth $34,000. Finally, International Assets Investment Management LLC bought a new position in shares of Healthcare Realty Trust during the 4th quarter worth $45,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th. Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. dropped their price target 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. Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $18.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective on 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 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.20.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $14.14 on Monday. The stock’s 50-day simple moving average is $13.77 and its 200-day simple moving average is $15.07. The firm has a market capitalization of $5.39 billion, a PE ratio of -19.11 and a beta of 0.79. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $20.32.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.51). The company 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 firm’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $0.42 earnings per share. Sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.77%. The ex-dividend date of this dividend was Friday, February 23rd. Healthcare Realty Trust’s dividend payout ratio (DPR) 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.