Van ECK Associates Corp Has $2.48 Million Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Van ECK Associates Corp lifted its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 14.4% during the 4th quarter, Holdings Channel reports. The firm owned 143,779 shares of the real estate investment trust’s stock after purchasing an additional 18,127 shares during the quarter. Van ECK Associates Corp’s holdings in Healthcare Realty Trust were worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Provence Wealth Management Group acquired a new position in Healthcare Realty Trust during the third quarter worth approximately $25,000. Lindbrook Capital LLC boosted its stake 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 acquiring an additional 954 shares during the period. 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 acquiring an additional 622 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Healthcare Realty Trust in the 4th quarter valued at $45,000. Finally, GAMMA Investing LLC acquired a new stake in Healthcare Realty Trust during the 4th quarter valued at $107,000.

Analyst Ratings Changes

HR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Healthcare Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $18.00 price objective on the stock. Stifel Nicolaus cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Wells Fargo & Company reduced their price objective 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. Wedbush downgraded Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. dropped their price target on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.20.

Healthcare Realty Trust Stock Performance

NYSE:HR opened at $15.43 on Wednesday. The company has a market cap of $5.88 billion, a price-to-earnings ratio of -20.85 and a beta of 0.78. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $20.30. The stock has a fifty day moving average price of $13.91 and a 200-day moving average price of $15.06.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings data 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 firm had revenue of $330.40 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS. Research analysts predict that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Monday, May 13th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, May 10th. This represents a $1.24 annualized dividend and a dividend yield of 8.04%. Healthcare Realty Trust’s dividend payout ratio is -167.57%.

Healthcare Realty Trust 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.