LPL Financial LLC Sells 3,031 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

LPL Financial LLC cut its holdings in Healthcare Realty Trust Incorporated (NYSE:HR) by 1.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 289,820 shares of the real estate investment trust’s stock after selling 3,031 shares during the quarter. LPL Financial LLC owned about 0.08% of Healthcare Realty Trust worth $4,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in Healthcare Realty Trust in the first quarter valued at approximately $228,000. Golden State Wealth Management LLC bought a new position in shares of Healthcare Realty Trust during the first quarter worth $26,000. Oppenheimer Asset Management Inc. boosted its position in shares of Healthcare Realty Trust by 31.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 60,301 shares of the real estate investment trust’s stock worth $1,019,000 after purchasing an additional 14,400 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Healthcare Realty Trust by 8.6% during the first quarter. Sequoia Financial Advisors LLC now owns 14,803 shares of the real estate investment trust’s stock worth $250,000 after purchasing an additional 1,171 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Healthcare Realty Trust during the first quarter worth $618,000.

Insider Activity at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were acquired at an average cost of $16.46 per share, for a total transaction of $164,600.00. Following the completion of the acquisition, the director directly owned 75,520 shares in the company, valued at approximately $1,243,059.20. The trade was a 15.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by insiders.

Healthcare Realty Trust Stock Up 0.8%

Shares of NYSE:HR opened at $16.69 on Thursday. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.90. The company’s fifty day simple moving average is $15.81 and its 200 day simple moving average is $15.89. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of -14.51 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.70%. The business had revenue of $287.07 million for the quarter, compared to analyst estimates of $290.83 million. During the same period last year, the business posted $0.38 earnings per share. Research analysts expect that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.8%. Healthcare Realty Trust’s payout ratio is -107.83%.

Wall Street Analyst Weigh In

HR has been the topic of a number of recent analyst reports. Wedbush reduced their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price target 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 cut shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 31st. Finally, Wells Fargo & Company reduced their price target on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating on the stock in a research report on Monday, June 2nd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.40.

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.