Raymond James & Associates Cuts Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Raymond James & Associates decreased its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 63.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,772 shares of the real estate investment trust’s stock after selling 342,347 shares during the period. Raymond James & Associates owned approximately 0.05% of Healthcare Realty Trust worth $3,210,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its position in Healthcare Realty Trust by 52.3% in the first quarter. Canada Pension Plan Investment Board now owns 10,942,261 shares of the real estate investment trust’s stock worth $154,833,000 after acquiring an additional 3,758,040 shares in the last quarter. Norges Bank purchased a new position in Healthcare Realty Trust in the fourth quarter worth about $59,352,000. Waterfront Capital Partners LLC purchased a new position in Healthcare Realty Trust in the fourth quarter worth about $51,775,000. APG Asset Management US Inc. grew its position in Healthcare Realty Trust by 12.0% in the fourth quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock worth $216,527,000 after acquiring an additional 1,348,529 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Healthcare Realty Trust by 1.4% in the first quarter. Vanguard Group Inc. now owns 54,246,277 shares of the real estate investment trust’s stock worth $767,585,000 after acquiring an additional 723,197 shares in the last quarter.

Insider Buying and Selling

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 9,000 shares of Healthcare Realty Trust stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $17.39 per share, with a total value of $156,510.00. Following the completion of the purchase, the director now directly owns 22,252 shares of the company’s stock, valued at approximately $386,962.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.56% of the stock is currently owned by insiders.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock opened at $17.80 on Friday. The company has a 50 day moving average price of $17.41 and a 200-day moving average price of $15.64. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $18.33. The company has a market capitalization of $6.74 billion, a PE ratio of -13.38 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR) last posted its quarterly earnings results on Friday, August 2nd. The real estate investment trust reported ($0.39) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.77). Healthcare Realty Trust had a negative net margin of 37.53% and a negative return on equity of 7.22%. The company had revenue of $316.30 million for the quarter, compared to the consensus estimate of $317.90 million. During the same period in the prior year, the firm posted $0.39 EPS. The business’s revenue was down 6.4% on a year-over-year basis. On average, analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date of this dividend was Monday, August 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -93.23%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HR. Wedbush raised their price objective on shares of Healthcare Realty Trust from $15.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company downgraded shares of Healthcare Realty Trust from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $17.00 to $16.00 in a research note on Tuesday, July 30th. Finally, Scotiabank raised their price objective on shares of Healthcare Realty Trust from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $17.00.

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.