Fifth Third Bancorp Sells 4,270 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Fifth Third Bancorp cut its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 14.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,949 shares of the real estate investment trust’s stock after selling 4,270 shares during the quarter. Fifth Third Bancorp’s holdings in Healthcare Realty Trust were worth $422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in Healthcare Realty Trust by 59.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 612 shares in the last quarter. Synergy Investment Management LLC bought a new position in Healthcare Realty Trust in the 4th quarter valued at approximately $36,000. Lazard Asset Management LLC bought a new position in Healthcare Realty Trust in the 4th quarter valued at approximately $45,000. UMB Bank n.a. lifted its position in Healthcare Realty Trust by 73.3% in the 1st quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,279 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of 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 valued at $52,000 after buying an additional 1,249 shares during the period.

Insiders Place Their Bets

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 2,500 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was acquired at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the purchase, the director now owns 56,502 shares of the company’s stock, valued at approximately $831,144.42. This represents a 4.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is currently owned by company insiders.

Healthcare Realty Trust Stock Performance

Shares of Healthcare Realty Trust stock opened at $14.91 on Wednesday. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.90. The stock’s fifty day moving average is $15.05 and its 200 day moving average is $16.15. The stock has a market cap of $5.24 billion, a P/E ratio of -13.68 and a beta of 0.88.

Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The company had revenue of $288.86 million for the quarter, compared to analysts’ expectations of $297.39 million. During the same period last year, the firm earned $0.39 EPS. Healthcare Realty Trust’s revenue for the quarter was down 9.2% compared to the same quarter last year. Analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 12th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a yield of 8.31%. Healthcare Realty Trust’s payout ratio is presently -113.76%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HR. Scotiabank lowered their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Monday, June 2nd. Wall Street Zen cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Finally, Wedbush lowered their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.80.

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.