Exchange Traded Concepts LLC Invests $810,000 in Healthcare Realty Trust Incorporated (NYSE:HR)

Exchange Traded Concepts LLC purchased a new position in Healthcare Realty Trust Incorporated (NYSE:HR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 47,956 shares of the real estate investment trust’s stock, valued at approximately $810,000.

A number of other large investors have also recently made changes to their positions in the stock. Starboard Value LP bought a new stake in Healthcare Realty Trust during the fourth quarter valued at approximately $342,110,000. Rush Island Management LP grew its position in Healthcare Realty Trust by 21.2% during the fourth quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust’s stock valued at $265,800,000 after buying an additional 2,747,848 shares during the period. Bank of New York Mellon Corp grew its position in Healthcare Realty Trust by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust’s stock valued at $78,495,000 after buying an additional 495,599 shares during the period. Norges Bank bought a new stake in Healthcare Realty Trust during the fourth quarter valued at approximately $76,825,000. Finally, Northern Trust Corp grew its position in Healthcare Realty Trust by 40.3% during the fourth quarter. Northern Trust Corp now owns 4,040,969 shares of the real estate investment trust’s stock valued at $68,494,000 after buying an additional 1,159,763 shares during the period.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $15.15 on Friday. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.90. The firm has a market capitalization of $5.32 billion, a PE ratio of -13.90 and a beta of 0.88. The stock has a fifty day simple moving average of $15.03 and a two-hundred day simple moving average of $16.10.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $288.86 million during the quarter, compared to analyst estimates of $297.39 million. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. Healthcare Realty Trust’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.39 EPS. On average, sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were given a dividend of $0.31 per share. The ex-dividend date was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.19%. Healthcare Realty Trust’s payout ratio is -113.76%.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HR. Wedbush cut their target price on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 31st. Wells Fargo & Company dropped their target price on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Monday, June 2nd. Finally, Scotiabank cut their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust has an average 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.