Maryland State Retirement & Pension System Has $279,000 Stock Holdings in Healthcare Realty Trust Incorporated $HR

Maryland State Retirement & Pension System cut its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 12.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,530 shares of the real estate investment trust’s stock after selling 2,322 shares during the period. Maryland State Retirement & Pension System’s holdings in Healthcare Realty Trust were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HR. Starboard Value LP acquired a new position in Healthcare Realty Trust during the fourth quarter valued at $342,110,000. Massachusetts Financial Services Co. MA acquired a new position in Healthcare Realty Trust during the first quarter valued at $100,817,000. Rush Island Management LP grew its stake in 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 purchasing an additional 2,747,848 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in Healthcare Realty Trust in the fourth quarter valued at about $39,337,000. Finally, Centersquare Investment Management LLC purchased a new position in Healthcare Realty Trust in the first quarter valued at about $30,834,000.

Insiders Place Their Bets

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of $16.46 per share, for a total transaction of $164,600.00. Following the purchase, the director directly owned 75,520 shares in the company, valued at $1,243,059.20. This trade represents a 15.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HR shares. Wells Fargo & Company lowered their target price on Healthcare Realty Trust from $16.00 to $15.00 and set an “underweight” rating on the stock in a research note on Monday, June 2nd. JPMorgan Chase & Co. lowered their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, June 26th. Wedbush lowered their target price on Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, May 5th. Finally, Wall Street Zen downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 31st. Two equities research 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 presently has an average rating of “Hold” and a consensus price target of $16.40.

Healthcare Realty Trust Stock Performance

HR opened at $16.39 on Tuesday. The company has a market cap of $5.76 billion, a PE ratio of -14.25 and a beta of 0.89. The stock has a 50-day moving average of $15.93 and a 200-day moving average of $15.87. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.90.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $287.07 million during the quarter, compared to the consensus estimate of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.70% and a negative net margin of 32.95%. During the same quarter in the prior year, the company posted $0.38 EPS. On average, research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.9%. Healthcare Realty Trust’s payout ratio is -83.48%.

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.