173,630 Shares in Healthcare Realty Trust Incorporated (NYSE:HR) Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 173,630 shares of the real estate investment trust's stock, valued at approximately $2,934,000.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Healthcare Realty Trust in the first quarter worth approximately $26,000. Lazard Asset Management LLC acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $45,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Healthcare Realty Trust in the first quarter worth approximately $48,000. UMB Bank n.a. boosted its position in shares of Healthcare Realty Trust by 73.3% in the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock worth $51,000 after acquiring an additional 1,279 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Healthcare Realty Trust by 68.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 1,249 shares in the last quarter.

Healthcare Realty Trust Stock Up 0.0%

Shares of HR traded up $0.01 during mid-day trading on Friday, reaching $16.21. 1,971,083 shares of the stock traded hands, compared to its average volume of 3,210,958. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of -14.89 and a beta of 0.89. The stock has a fifty day simple moving average of $15.14 and a 200 day simple moving average of $15.91. Healthcare Realty Trust Incorporated has a 12-month low of $14.09 and a 12-month high of $18.90.

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

Healthcare Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HR. JPMorgan Chase & Co. reduced their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Wells Fargo & Company reduced their price target on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a research report on Monday, June 2nd. Wedbush reduced their price target on shares of 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, Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $16.40.

Insider Activity

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the purchase, the director directly owned 56,502 shares of the company's stock, valued at approximately $831,144.42. This trade represents a 4.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by corporate insiders.

Healthcare Realty Trust 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.