Wealth Enhancement Advisory Services LLC Has $1.62 Million Stock Holdings in Healthcare Realty Trust Incorporated $HR

Wealth Enhancement Advisory Services LLC boosted its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 61.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,326 shares of the real estate investment trust’s stock after acquiring an additional 34,472 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Healthcare Realty Trust were worth $1,622,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Healthcare Realty Trust during the 2nd quarter worth $66,085,000. Rush Island Management LP lifted its holdings in shares of Healthcare Realty Trust by 13.8% in the second quarter. Rush Island Management LP now owns 14,260,152 shares of the real estate investment trust’s stock worth $226,166,000 after acquiring an additional 1,728,491 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Healthcare Realty Trust by 34.9% in the 2nd quarter. Prudential Financial Inc. now owns 4,246,398 shares of the real estate investment trust’s stock valued at $74,252,000 after purchasing an additional 1,099,467 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Healthcare Realty Trust by 15.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,859,453 shares of the real estate investment trust’s stock worth $108,791,000 after purchasing an additional 893,938 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Healthcare Realty Trust by 48.9% in the second quarter. Invesco Ltd. now owns 2,307,109 shares of the real estate investment trust’s stock valued at $36,591,000 after buying an additional 757,542 shares in the last quarter.

Healthcare Realty Trust Stock Up 0.4%

Shares of NYSE:HR opened at $16.77 on Friday. Healthcare Realty Trust Incorporated has a twelve month low of $14.09 and a twelve month high of $18.97. The stock’s 50 day moving average is $17.22 and its 200-day moving average is $17.40. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of -15.82 and a beta of 0.96.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Thursday, October 30th. 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 return on equity of 7.32% and a negative net margin of 30.51%.The firm had revenue of $297.77 million during the quarter, compared to analyst estimates of $291.10 million. During the same period in the previous year, the company posted $0.39 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. Equities research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HR. Citigroup increased their price target on Healthcare Realty Trust from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Wells Fargo & Company lifted their price target on Healthcare Realty Trust from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada started coverage on Healthcare Realty Trust in a research note on Wednesday, October 8th. They issued a “sector perform” rating and a $19.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Healthcare Realty Trust in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.13.

Healthcare Realty Trust Profile

Healthcare Realty Trust (NYSE: HR) is a real estate investment trust specializing in the ownership, acquisition and management of outpatient medical facilities. Headquartered in Nashville, Tennessee, the company’s portfolio is focused primarily on medical office buildings and outpatient healthcare properties that serve hospitals, health systems and other healthcare providers. Its business model centers on securing long-term, triple-net leases to generate stable income streams from a diversified tenant base.

The company’s properties are located across key metropolitan markets in the United States, including major healthcare hubs in the Southeast, Southwest and in select coastal regions.