Kennedy Capital Management Inc. lessened its position in Healthcare Realty Trust Inc (NYSE:HR) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,961 shares of the real estate investment trust’s stock after selling 2,305 shares during the period. Kennedy Capital Management Inc. owned 0.16% of Healthcare Realty Trust worth $6,230,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of Healthcare Realty Trust in the third quarter worth approximately $130,000. Dynamic Technology Lab Private Ltd purchased a new stake in Healthcare Realty Trust in the third quarter worth $218,000. Signition LP purchased a new stake in Healthcare Realty Trust in the fourth quarter worth $237,000. Ramsey Quantitative Systems purchased a new stake in Healthcare Realty Trust in the fourth quarter worth $295,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Healthcare Realty Trust by 21.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,866 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 1,722 shares during the period. 98.19% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $34.00 price target on shares of Healthcare Realty Trust in a research note on Thursday, December 14th. KeyCorp reiterated an “equal weight” rating on shares of Healthcare Realty Trust in a report on Friday, December 22nd. BMO Capital Markets downgraded Healthcare Realty Trust from an “outperform” rating to a “market perform” rating and set a $33.00 price target on the stock. in a report on Tuesday, January 9th. SunTrust Banks set a $32.00 price target on Healthcare Realty Trust and gave the stock a “hold” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research cut Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Healthcare Realty Trust presently has an average rating of “Hold” and an average price target of $31.50.
In other news, EVP Robert E. Hull sold 1,495 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $33.87, for a total transaction of $50,635.65. Following the completion of the sale, the executive vice president now owns 94,796 shares of the company’s stock, valued at $3,210,740.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Todd J. Meredith sold 4,720 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $32.77, for a total transaction of $154,674.40. Following the transaction, the insider now owns 414,981 shares in the company, valued at $13,598,927.37. The disclosure for this sale can be found here. Insiders sold 10,209 shares of company stock valued at $336,553 in the last ninety days. 1.85% of the stock is owned by corporate insiders.
Shares of Healthcare Realty Trust Inc (HR) traded down $0.15 during trading hours on Friday, hitting $27.53. 438,694 shares of the stock were exchanged, compared to its average volume of 857,235. The stock has a market capitalization of $3,450.23, a price-to-earnings ratio of 131.05, a PEG ratio of 4.22 and a beta of 0.30. Healthcare Realty Trust Inc has a fifty-two week low of $26.27 and a fifty-two week high of $36.25. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.72.
Healthcare Realty Trust (NYSE:HR) last announced its earnings results on Wednesday, February 14th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.01). Healthcare Realty Trust had a net margin of 5.44% and a return on equity of 1.33%. The firm had revenue of $107.70 million during the quarter, compared to analyst estimates of $109.91 million. During the same quarter last year, the business earned $0.41 earnings per share. Healthcare Realty Trust’s revenue was up 2.3% on a year-over-year basis. sell-side analysts expect that Healthcare Realty Trust Inc will post 1.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Friday, February 23rd were given a dividend of $0.30 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 4.36%. Healthcare Realty Trust’s dividend payout ratio is presently 571.43%.
About Healthcare Realty Trust
Healthcare Realty Trust Incorporated is a self-managed and self-administered real estate investment trust. The Company owns, leases, manages, acquires, finances, develops and redevelops real estate properties associated primarily with the delivery of outpatient healthcare services across the United States.
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