M&T Bank Corp Sells 3,397 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

M&T Bank Corp lowered its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 7.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,822 shares of the real estate investment trust’s stock after selling 3,397 shares during the period. M&T Bank Corp’s holdings in Healthcare Realty Trust were worth $690,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Healthcare Realty Trust in the first quarter valued at approximately $26,000. Lazard Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $45,000. UMB Bank n.a. raised its position in shares of Healthcare Realty Trust by 73.3% during the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,279 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Healthcare Realty Trust by 68.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,249 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Healthcare Realty Trust by 16.4% during the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust’s stock worth $84,000 after acquiring an additional 695 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company lowered 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. Wedbush lowered 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 report on Monday, May 5th. Wall Street Zen lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 31st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, June 26th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.40.

Insider Activity

In other news, Director Thomas N. Bohjalian bought 2,500 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of $14.71 per share, with a total value of $36,775.00. Following the acquisition, the director owned 56,502 shares in the company, valued at $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Healthcare Realty Trust Trading Down 0.8%

HR opened at $15.88 on Wednesday. The firm’s fifty day simple moving average is $15.11 and its 200 day simple moving average is $15.92. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.90. The stock has a market capitalization of $5.58 billion, a P/E ratio of -14.56 and a beta of 0.89.

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, hitting the consensus estimate of $0.39. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. The firm had revenue of $288.86 million for the quarter, compared to analysts’ expectations of $297.39 million. During the same period in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, equities research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were issued 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 dividend yield of 7.81%. Healthcare Realty Trust’s payout ratio is -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.