OVERSEA CHINESE BANKING Corp Ltd Makes New $2.93 Million Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 173,630 shares of the real estate investment trust's stock, valued at approximately $2,934,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Starboard Value LP bought a new position in Healthcare Realty Trust in the fourth quarter worth $342,110,000. Norges Bank bought a new position in Healthcare Realty Trust in the fourth quarter worth $76,825,000. Rush Island Management LP raised its holdings in Healthcare Realty Trust by 21.2% in the fourth quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust's stock worth $265,800,000 after purchasing an additional 2,747,848 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in Healthcare Realty Trust in the fourth quarter worth $39,337,000. Finally, Lasalle Investment Management Securities LLC bought a new position in Healthcare Realty Trust in the fourth quarter worth $31,398,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wells Fargo & Company reduced their price objective on Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Monday, June 2nd. Wedbush reduced their price objective 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. JPMorgan Chase & Co. reduced their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. Finally, Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.40.

Healthcare Realty Trust Trading Up 1.4%

HR traded up $0.22 on Thursday, hitting $16.21. 3,852,777 shares of the company's stock traded hands, compared to its average volume of 3,216,650. The company's 50 day simple moving average is $15.13 and its 200-day simple moving average is $15.92. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of -14.88 and a beta of 0.89. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The business had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The company's revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.65%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

Insider Buying and Selling at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian bought 2,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of $14.71 per share, with a total value of $36,775.00. Following the transaction, the director owned 56,502 shares in the company, valued at $831,144.42. This trade represents a 4.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.37% of the company's stock.

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.