Bank of New York Mellon Corp Decreases Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Bank of New York Mellon Corp cut its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,391,825 shares of the real estate investment trust's stock after selling 239,148 shares during the period. Bank of New York Mellon Corp owned 1.25% of Healthcare Realty Trust worth $74,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HR. Smartleaf Asset Management LLC grew its stake in shares of Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 612 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of 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 during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Healthcare Realty Trust by 3,419.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,510 shares of the real estate investment trust's stock valued at $483,000 after buying an additional 27,700 shares during the last quarter. M&T Bank Corp grew its stake in shares of Healthcare Realty Trust by 6.3% during the fourth quarter. M&T Bank Corp now owns 44,219 shares of the real estate investment trust's stock valued at $749,000 after buying an additional 2,616 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $440,000.

Healthcare Realty Trust Stock Down 0.7%

NYSE:HR traded down $0.11 during midday trading on Monday, hitting $16.00. The stock had a trading volume of 5,042,495 shares, compared to its average volume of 3,004,472. The stock has a 50-day moving average of $15.08 and a 200 day moving average of $15.92. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of -14.67 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 posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The firm had revenue of $288.86 million for the quarter, compared to analysts' expectations of $297.39 million. During the same period last year, the firm earned $0.39 EPS. The company's quarterly revenue was down 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -113.76%.

Insider Transactions at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the acquisition, the director owned 56,502 shares in the company, valued at approximately $831,144.42. This represents a 4.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.37% of the company's stock.

Analyst Ratings Changes

HR has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Thursday, June 26th. Wedbush cut their target price on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Finally, Wells Fargo & Company dropped their price objective on Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, Healthcare Realty Trust has an average rating of "Hold" and an average target price of $16.40.

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.