Beach Investment Counsel Inc. PA Has $18.75 Million Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

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

A number of other institutional investors have also recently bought and sold shares of HR. Smartleaf Asset Management LLC lifted its position in shares of Healthcare Realty Trust by 59.0% during 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 buying an additional 612 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 925 shares during the last quarter. Synergy Investment Management LLC purchased a new position in shares of Healthcare Realty Trust during the 4th quarter valued at $36,000. Lazard Asset Management LLC purchased a new position in shares of Healthcare Realty Trust during the 4th quarter valued at $45,000. Finally, UMB Bank n.a. lifted its position in shares of 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 valued at $51,000 after buying an additional 1,279 shares during the last quarter.

Insider Buying and Selling at Healthcare Realty Trust

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian purchased 2,500 shares of the stock in a transaction on 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 acquisition, the director now directly owns 56,502 shares in the company, valued at approximately $831,144.42. The trade was a 4.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HR shares. Wedbush dropped their price target on 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. 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 report on Monday, June 2nd. Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Finally, Scotiabank dropped their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, Healthcare Realty Trust currently has an average rating of "Hold" and a consensus target price of $16.80.

Healthcare Realty Trust Stock Performance

Shares of HR opened at $14.46 on Friday. The stock's 50-day simple moving average is $15.19 and its 200 day simple moving average is $16.31. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of -8.12 and a beta of 0.88. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.90.

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 analysts' consensus estimates of $0.39. The business had revenue of $288.86 million for the quarter, compared to analysts' expectations of $297.39 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm's quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, research analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 12th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 annualized dividend and a dividend yield of 8.58%. Healthcare Realty Trust's payout ratio is currently -113.76%.

About Healthcare Realty Trust

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.

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