Beach Investment Counsel Inc. PA Trims Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Beach Investment Counsel Inc. PA reduced its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,109,343 shares of the real estate investment trust's stock after selling 140,448 shares during the period. Healthcare Realty Trust comprises 2.8% of Beach Investment Counsel Inc. PA's holdings, making the stock its 9th largest position. Beach Investment Counsel Inc. PA owned about 0.32% of Healthcare Realty Trust worth $18,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Starboard Value LP acquired a new position in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $342,110,000. Norges Bank purchased a new position in Healthcare Realty Trust in the fourth quarter valued at $76,825,000. Rush Island Management LP boosted 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 valued at $265,800,000 after purchasing an additional 2,747,848 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in Healthcare Realty Trust in the fourth quarter valued at approximately $39,337,000. Finally, Lasalle Investment Management Securities LLC purchased a new stake in Healthcare Realty Trust in the fourth quarter valued at $31,398,000.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock traded down $0.02 during trading hours on Wednesday, reaching $14.74. 2,763,356 shares of the company's stock traded hands, compared to its average volume of 2,780,709. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week high of $18.90. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -8.28 and a beta of 0.88. The firm's 50 day moving average is $15.10 and its 200-day moving average is $16.27.

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

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 8.42%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust's payout ratio is -113.76%.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 2,500 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was purchased 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 now directly owns 56,502 shares in the company, valued at $831,144.42. The trade was a 4.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HR shares. Wedbush reduced their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Scotiabank reduced their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research note on Tuesday, February 25th. 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 research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $16.80.

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.