Mirae Asset Global Investments Co. Ltd. Sells 1,037 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Mirae Asset Global Investments Co. Ltd. cut its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,094 shares of the real estate investment trust’s stock after selling 1,037 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Healthcare Realty Trust were worth $152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HR. Starboard Value LP bought a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at $342,110,000. Norges Bank bought a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at $76,825,000. Rush Island Management LP raised its stake in shares of Healthcare Realty Trust by 21.2% in 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. Deprince Race & Zollo Inc. purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at $39,337,000. Finally, Lasalle Investment Management Securities LLC purchased a new position in shares of Healthcare Realty Trust in the fourth quarter valued at $31,398,000.

Healthcare Realty Trust Stock Down 0.8%

Healthcare Realty Trust stock opened at $15.92 on Monday. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.90. The business has a 50-day simple moving average of $15.03 and a 200 day simple moving average of $15.95. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of -14.61 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The business had revenue of $288.86 million during the quarter, compared to analysts’ expectations of $297.39 million. During the same period in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. On average, research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.79%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust’s payout ratio is -113.76%.

Insider Buying and Selling

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 2,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the transaction, the director directly owned 56,502 shares in the company, valued at $831,144.42. This represents a 4.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HR. Wedbush reduced their price target on 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. Wells Fargo & Company reduced their price target on Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Monday, June 2nd. Wall Street Zen cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 31st. Finally, JPMorgan Chase & Co. reduced their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, June 26th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.40.

Healthcare Realty Trust Profile

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.