Lasalle Investment Management Securities LLC Takes $31.40 Million Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Lasalle Investment Management Securities LLC bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,852,412 shares of the real estate investment trust’s stock, valued at approximately $31,398,000. Healthcare Realty Trust makes up 1.3% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 24th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of HR. MetLife Investment Management LLC boosted its position in shares of Healthcare Realty Trust by 5.6% in the fourth quarter. MetLife Investment Management LLC now owns 210,156 shares of the real estate investment trust’s stock worth $3,562,000 after buying an additional 11,206 shares during the period. First Trust Advisors LP raised its stake in shares of Healthcare Realty Trust by 65.7% in the 4th quarter. First Trust Advisors LP now owns 186,533 shares of the real estate investment trust’s stock valued at $3,162,000 after purchasing an additional 73,989 shares in the last quarter. GeoWealth Management LLC lifted its holdings in Healthcare Realty Trust by 17.9% during the 4th quarter. GeoWealth Management LLC now owns 28,709 shares of the real estate investment trust’s stock worth $487,000 after buying an additional 4,355 shares during the last quarter. Farringdon Capital Ltd. bought a new position in Healthcare Realty Trust during the fourth quarter worth $221,000. Finally, NewEdge Advisors LLC grew its position in shares of Healthcare Realty Trust by 8.8% during the 4th quarter. NewEdge Advisors LLC now owns 27,159 shares of the real estate investment trust’s stock valued at $460,000 after buying an additional 2,206 shares during the last quarter.

Healthcare Realty Trust Price Performance

Shares of NYSE HR opened at $15.98 on Friday. The company has a market capitalization of $5.60 billion, a P/E ratio of -8.97 and a beta of 0.85. Healthcare Realty Trust Incorporated has a one year low of $13.86 and a one year high of $18.90. The business’s 50-day moving average price is $16.40 and its two-hundred day moving average price is $16.96.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The firm had revenue of $309.77 million during the quarter, compared to analysts’ expectations of $303.81 million. During the same period in the prior year, the company posted $0.39 earnings per share. Healthcare Realty Trust’s revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $0.31 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 7.76%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -69.66%.

Analysts Set New Price Targets

Several analysts recently issued reports on HR shares. StockNews.com downgraded Healthcare Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, March 27th. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. Wedbush upgraded shares of Healthcare Realty Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, April 7th. Scotiabank reduced their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.00.

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.