Golden State Wealth Management LLC Makes New $26,000 Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Golden State Wealth Management LLC bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,557 shares of the real estate investment trust’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of 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 buying an additional 612 shares during the period. Harbor Capital Advisors Inc. lifted its position in Healthcare Realty Trust by 16.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 695 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Healthcare Realty Trust by 6.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 706 shares during the last quarter. Peak Financial Advisors LLC increased its stake in shares of Healthcare Realty Trust by 6.8% during the 1st quarter. Peak Financial Advisors LLC now owns 11,413 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 728 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Healthcare Realty Trust by 4.8% during the 4th quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 756 shares during the last quarter.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock opened at $15.86 on Tuesday. The firm has a market cap of $5.57 billion, a PE ratio of -14.55 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 1 year low of $14.09 and a 1 year high of $18.90. The company has a 50 day simple moving average of $15.03 and a two-hundred day simple moving average of $15.95.

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

Healthcare Realty Trust Announces Dividend

The company also recently disclosed 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 7.82%. The ex-dividend date of this dividend was Monday, May 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is -113.76%.

Analyst Ratings Changes

A number of brokerages have issued reports on HR. JPMorgan Chase & Co. decreased their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, June 26th. Wall Street Zen downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. Wedbush dropped their price objective on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, May 5th. Finally, Wells Fargo & Company dropped their price target on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating for the company in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $16.40.

Insider Buying and Selling

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 2,500 shares of the stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the purchase, the director directly owned 56,502 shares of the company’s stock, valued at approximately $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Healthcare Realty Trust Company 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.