Wolverine Asset Management LLC Purchases New Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Wolverine Asset Management LLC bought a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,469 shares of the real estate investment trust’s stock, valued at approximately $232,000.

A number of other hedge funds also recently modified their holdings of the business. Nordea Investment Management AB increased its stake in Healthcare Realty Trust by 18.3% in the 4th quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust’s stock valued at $33,405,000 after buying an additional 297,603 shares during the period. HGK Asset Management Inc. raised its holdings in shares of Healthcare Realty Trust by 14.1% during the third quarter. HGK Asset Management Inc. now owns 28,676 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 3,535 shares in the last quarter. New York Life Investment Management LLC boosted its position in Healthcare Realty Trust by 81.3% during the third quarter. New York Life Investment Management LLC now owns 47,537 shares of the real estate investment trust’s stock valued at $726,000 after purchasing an additional 21,315 shares during the last quarter. Beach Investment Counsel Inc. PA boosted its position in Healthcare Realty Trust by 148.6% during the fourth quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock valued at $29,136,000 after purchasing an additional 1,010,841 shares during the last quarter. Finally, Raymond James & Associates grew its stake in Healthcare Realty Trust by 3.3% in the third quarter. Raymond James & Associates now owns 945,489 shares of the real estate investment trust’s stock valued at $14,438,000 after purchasing an additional 30,349 shares in the last quarter.

Healthcare Realty Trust Price Performance

NYSE HR opened at $14.14 on Friday. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $20.32. The stock has a fifty day moving average of $13.77 and a 200-day moving average of $15.07.

Healthcare Realty Trust (NYSE:HR) last announced its quarterly earnings data on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The business had revenue of $330.40 million during the quarter, compared to analyst estimates of $334.32 million. During the same quarter in the prior year, the company earned $0.42 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend was Friday, February 23rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is -167.57%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wedbush cut shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $19.00 to $15.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. decreased their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $18.00 target price on the stock. Stifel Nicolaus lowered Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Finally, Wells Fargo & Company decreased their price objective on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.20.

About Healthcare Realty Trust

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.