Raymond James Financial Inc. Makes New Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Raymond James Financial Inc. bought a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 178,102 shares of the real estate investment trust’s stock, valued at approximately $3,019,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in Healthcare Realty Trust by 59.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 612 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 925 shares during the period. Synergy Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $36,000. Jones Financial Companies Lllp grew its position in shares of Healthcare Realty Trust by 68.7% during the fourth 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 last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Healthcare Realty Trust in the 3rd quarter valued at $65,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on HR shares. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Friday, December 20th. StockNews.com downgraded shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday. 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 report on Tuesday, February 25th. Wedbush reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Healthcare Realty Trust in a research note on Thursday, February 20th. Finally, Jefferies Financial Group cut Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.00.

Healthcare Realty Trust Trading Down 0.0 %

Shares of HR stock opened at $16.76 on Friday. The stock has a 50 day simple moving average of $16.66 and a 200-day simple moving average of $17.23. The company has a market cap of $5.88 billion, a price-to-earnings ratio of -9.41 and a beta of 0.97. Healthcare Realty Trust Incorporated has a 12-month low of $13.64 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $309.77 million for the quarter, compared to analysts’ expectations of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -69.66%.

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.