Healthcare Realty Trust Incorporated (NYSE:HR) Stake Trimmed by Prudential Financial Inc.

Prudential Financial Inc. cut its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR) by 30.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 70,198 shares of the real estate investment trust’s stock after selling 30,702 shares during the period. Prudential Financial Inc.’s holdings in Healthcare Realty Trust were worth $1,190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in HR. Captrust Financial Advisors raised its holdings in shares of Healthcare Realty Trust by 27.2% during the third quarter. Captrust Financial Advisors now owns 31,562 shares of the real estate investment trust’s stock valued at $573,000 after acquiring an additional 6,747 shares during the period. Verition Fund Management LLC grew its position in Healthcare Realty Trust by 3.7% during the 3rd quarter. Verition Fund Management LLC now owns 60,936 shares of the real estate investment trust’s stock worth $1,106,000 after purchasing an additional 2,159 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Healthcare Realty Trust during the 3rd quarter valued at $1,084,000. Quantinno Capital Management LP purchased a new stake in shares of Healthcare Realty Trust in the third quarter valued at $206,000. Finally, Stifel Financial Corp boosted its position in shares of Healthcare Realty Trust by 13.4% in the third quarter. Stifel Financial Corp now owns 84,728 shares of the real estate investment trust’s stock worth $1,538,000 after buying an additional 10,044 shares during the period.

Healthcare Realty Trust Stock Performance

Shares of HR opened at $16.12 on Monday. The firm has a market cap of $5.66 billion, a PE ratio of -9.06 and a beta of 0.97. Healthcare Realty Trust Incorporated has a twelve month low of $13.64 and a twelve month high of $18.90. The firm’s 50 day moving average price is $16.66 and its 200 day moving average price is $17.15.

Healthcare Realty Trust (NYSE:HR) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. Healthcare Realty Trust’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. On average, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 dividend yield of 7.69%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust’s dividend payout ratio is -69.66%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Scotiabank dropped 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. StockNews.com lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, March 27th. Wedbush restated an “outperform” rating and set a $16.00 price target on shares of Healthcare Realty Trust in a report on Thursday, February 20th. JPMorgan Chase & Co. lowered 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 note on Friday, December 20th. Finally, Jefferies Financial Group lowered shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.00.

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.