Bank of America Corp DE Has $101.08 Million Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Bank of America Corp DE reduced its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 67.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,963,121 shares of the real estate investment trust's stock after selling 12,418,820 shares during the quarter. Bank of America Corp DE owned approximately 1.68% of Healthcare Realty Trust worth $101,075,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. lifted its position 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 buying an additional 925 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 612 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in Healthcare Realty Trust during the 4th quarter valued at $36,000. Jones Financial Companies Lllp lifted its holdings in Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in Healthcare Realty Trust during the 4th quarter valued at $85,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HR shares. StockNews.com raised Healthcare Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company cut their price target on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Wedbush cut their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Scotiabank cut their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.00.

Insider Activity at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of $14.71 per share, with a total value of $36,775.00. Following the completion of the purchase, the director now directly owns 56,502 shares in the company, valued at $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.37% of the stock is owned by insiders.

Healthcare Realty Trust Stock Down 1.0%

Shares of HR traded down $0.15 during midday trading on Wednesday, reaching $14.56. 2,809,936 shares of the stock were exchanged, compared to its average volume of 3,195,496. Healthcare Realty Trust Incorporated has a twelve month low of $14.46 and a twelve month high of $18.90. The company has a market cap of $5.11 billion, a P/E ratio of -8.18 and a beta of 0.92. The stock's 50 day simple moving average is $15.96 and its 200 day simple moving average is $16.69.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, hitting analysts' consensus estimates of $0.39. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The company had revenue of $288.86 million during the quarter, compared to the consensus estimate of $297.39 million. During the same quarter last year, the firm earned $0.39 earnings per share. The company's revenue was down 9.2% on a year-over-year basis. As a group, analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 12th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date is Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

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.