Healthcare Realty Trust Incorporated (NYSE:HR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 5.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,391,825 shares of the real estate investment trust's stock after selling 239,148 shares during the quarter. 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 SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in Healthcare Realty Trust in the 1st quarter valued at $26,000. Smartleaf Asset Management LLC grew its stake in Healthcare Realty Trust by 59.0% in 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 acquiring an additional 612 shares during the period. Lazard Asset Management LLC acquired a new stake in Healthcare Realty Trust during the 4th quarter worth $45,000. UMB Bank n.a. boosted its stake in Healthcare Realty Trust by 73.3% during the 1st quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake 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 worth $52,000 after purchasing an additional 1,249 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wedbush lowered their target price on shares of 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 shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, Wells Fargo & Company lowered their target price on shares of 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $16.40.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR traded down $0.11 during trading on Friday, hitting $16.09. 7,007,350 shares of the company were exchanged, compared to its average volume of 3,185,129. Healthcare Realty Trust Incorporated has a 12-month low of $14.09 and a 12-month high of $18.90. The company has a fifty day moving average price of $15.08 and a 200-day moving average price of $15.93. The firm has a market capitalization of $5.65 billion, a PE ratio of -14.76 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The business had revenue of $288.86 million for the quarter, compared to analyst estimates of $297.39 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The company's quarterly revenue was down 9.2% compared to the same quarter last year. Research 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 business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were issued a $0.31 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.24 annualized dividend and a yield of 7.71%. Healthcare Realty Trust's dividend payout ratio (DPR) is currently -113.76%.

Insider Transactions at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 2,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.