Intech Investment Management LLC Invests $410,000 in Healthcare Realty Trust Incorporated (NYSE:HR)

Intech Investment Management LLC bought a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 24,182 shares of the real estate investment trust’s stock, valued at approximately $410,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC raised its holdings in shares of Healthcare Realty Trust by 31.0% in the fourth quarter. Capital Investment Advisors LLC now owns 469,323 shares of the real estate investment trust’s stock valued at $7,955,000 after purchasing an additional 111,125 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Healthcare Realty Trust by 106.4% during the 3rd quarter. Cerity Partners LLC now owns 77,545 shares of the real estate investment trust’s stock worth $1,407,000 after buying an additional 39,975 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Healthcare Realty Trust in the 4th quarter valued at about $440,000. Steward Partners Investment Advisory LLC increased its position in shares of Healthcare Realty Trust by 3,419.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,510 shares of the real estate investment trust’s stock valued at $483,000 after acquiring an additional 27,700 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Healthcare Realty Trust during the third quarter worth about $849,000.

Analyst Ratings Changes

Several research firms have weighed in on HR. Scotiabank lowered their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research report on Tuesday, February 25th. Wedbush reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Healthcare Realty Trust in a report on Thursday, February 20th. JPMorgan Chase & Co. cut Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Friday, December 20th. Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. Finally, StockNews.com raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Trading Down 1.9 %

Shares of NYSE:HR opened at $16.56 on Wednesday. The firm has a 50 day moving average of $16.64 and a 200-day moving average of $17.24. Healthcare Realty Trust Incorporated has a 12 month low of $13.37 and a 12 month high of $18.90. The stock has a market capitalization of $5.81 billion, a PE ratio of -9.30 and a beta of 0.97.

Healthcare Realty Trust (NYSE:HR) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. 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 earned $0.39 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is presently -69.66%.

About Healthcare Realty Trust

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.