Balyasny Asset Management L.P. Trims Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Balyasny Asset Management L.P. lowered its position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 64.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 373,893 shares of the real estate investment trust's stock after selling 672,818 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.11% of Healthcare Realty Trust worth $6,337,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in Healthcare Realty Trust during the 4th quarter worth about $76,825,000. Lasalle Investment Management Securities LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at approximately $31,398,000. Northern Trust Corp raised its stake in Healthcare Realty Trust by 40.3% in the fourth quarter. Northern Trust Corp now owns 4,040,969 shares of the real estate investment trust's stock worth $68,494,000 after buying an additional 1,159,763 shares in the last quarter. Candriam S.C.A. lifted its holdings in Healthcare Realty Trust by 201.4% during the fourth quarter. Candriam S.C.A. now owns 1,729,651 shares of the real estate investment trust's stock worth $29,318,000 after buying an additional 1,155,745 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Healthcare Realty Trust by 289.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,552,109 shares of the real estate investment trust's stock valued at $26,308,000 after acquiring an additional 1,153,657 shares in the last quarter.

Healthcare Realty Trust Stock Performance

Shares of HR stock opened at $15.36 on Friday. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.53 and a fifty-two week high of $18.90. The firm has a market capitalization of $5.39 billion, a PE ratio of -8.63 and a beta of 0.92. The stock's 50-day simple moving average is $16.03 and its 200-day simple moving average is $16.74.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The business had revenue of $288.86 million during the quarter, compared to analysts' expectations of $297.39 million. During the same period in the previous year, the business posted $0.39 EPS. The business's quarterly revenue was down 9.2% compared to the same quarter last year. Sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 12th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 8.07%. The ex-dividend date is Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Scotiabank decreased their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. StockNews.com upgraded shares of Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday. Wedbush reduced their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Wells Fargo & Company reduced their target price on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.

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