Healthcare Realty Trust Incorporated (NYSE:HR) Shares Sold by Main Street Group LTD

Main Street Group LTD cut its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 65.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,800 shares of the real estate investment trust’s stock after selling 3,345 shares during the quarter. Main Street Group LTD’s holdings in Healthcare Realty Trust were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HR. Smartleaf Asset Management LLC lifted its stake in shares of Healthcare Realty Trust by 59.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 612 shares during the period. Blue Trust Inc. increased its holdings in Healthcare Realty Trust by 130.3% in the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 925 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at approximately $36,000. Lazard Asset Management LLC purchased a new stake in shares of Healthcare Realty Trust during the 4th quarter worth approximately $45,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Healthcare Realty Trust by 68.7% in the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,249 shares during the period.

Healthcare Realty Trust Price Performance

NYSE:HR opened at $14.73 on Wednesday. The firm has a market cap of $5.17 billion, a PE ratio of -8.28 and a beta of 0.92. The firm has a 50 day simple moving average of $15.96 and a 200-day simple moving average of $16.69. Healthcare Realty Trust Incorporated has a 1-year low of $14.53 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The company had revenue of $288.86 million for the quarter, compared to analyst estimates of $297.39 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 EPS. As a group, sell-side analysts expect that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date is Monday, May 12th. Healthcare Realty Trust’s dividend payout ratio is currently -113.76%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HR shares. 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 report on Tuesday, February 25th. Wedbush dropped their target price on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, May 5th. StockNews.com raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.00.

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.