Wells Fargo & Company MN Sells 19,441 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Wells Fargo & Company MN reduced its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,904 shares of the real estate investment trust’s stock after selling 19,441 shares during the quarter. Wells Fargo & Company MN owned 0.05% of Healthcare Realty Trust worth $3,304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Healthcare Realty Trust by 59.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 612 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Healthcare Realty Trust by 130.3% in the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 925 shares during the last quarter. Synergy Investment Management LLC acquired a new position in Healthcare Realty Trust during the 4th quarter worth about $36,000. Jones Financial Companies Lllp grew its holdings in Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,249 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Healthcare Realty Trust in the 3rd quarter valued at about $78,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HR shares. Wells Fargo & Company reduced their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Wedbush upgraded Healthcare Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, April 7th. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd. Scotiabank cut their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Finally, StockNews.com lowered Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $17.00.

Healthcare Realty Trust Stock Up 1.3 %

NYSE:HR opened at $15.78 on Wednesday. Healthcare Realty Trust Incorporated has a 12-month low of $13.94 and a 12-month high of $18.90. The stock’s fifty day simple moving average is $16.37 and its 200-day simple moving average is $16.93. The firm has a market capitalization of $5.53 billion, a P/E ratio of -8.86 and a beta of 0.85.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. As a group, equities research analysts expect that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 7.86%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -69.66%.

About Healthcare Realty Trust

Healthcare Realty Trust, Inc provides real estate investment services. It owns, leases, manages, acquires, finances, develops, and redevelops income-producing real estate properties associated primarily with the delivery of outpatient healthcare services throughout the United States of America. The company was founded by David R.