Healthcare Realty Trust Incorporated (NYSE:HR) Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 816,000 shares of the real estate investment trust’s stock after purchasing an additional 850 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Healthcare Realty Trust worth $13,790,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake 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 valued at $52,000 after purchasing an additional 1,249 shares during the period. Proficio Capital Partners LLC bought a new stake in Healthcare Realty Trust during the 4th quarter valued at approximately $440,000. Raymond James Financial Inc. bought a new stake in Healthcare Realty Trust during the 4th quarter valued at approximately $3,019,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Healthcare Realty Trust by 25.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 266,240 shares of the real estate investment trust’s stock valued at $4,513,000 after purchasing an additional 53,952 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Healthcare Realty Trust by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 72,650 shares of the real estate investment trust’s stock valued at $1,231,000 after purchasing an additional 3,024 shares during the period.

Insiders Place Their Bets

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 2,500 shares of the stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $14.71 per share, with a total value 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on HR shares. JPMorgan Chase & Co. reduced their price objective 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. Wells Fargo & Company reduced their price objective 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 downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 31st. Finally, Wedbush reduced their price objective 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. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $16.40.

Healthcare Realty Trust Trading Down 0.6%

HR stock opened at $16.09 on Friday. The business’s 50-day moving average price is $15.08 and its two-hundred day moving average price is $15.93. The firm has a market cap of $5.65 billion, a PE ratio of -14.76 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.

Healthcare Realty Trust (NYSE:HR) last issued 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 for 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%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. On average, analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share 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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend was Monday, May 12th. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -113.76%.

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.