Bessemer Group Inc. Reduces Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Bessemer Group Inc. lowered its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 68.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,567 shares of the real estate investment trust's stock after selling 118,328 shares during the period. Bessemer Group Inc.'s holdings in Healthcare Realty Trust were worth $922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in Healthcare Realty Trust by 12.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust's stock valued at $78,495,000 after purchasing an additional 495,599 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $440,000. Metis Global Partners LLC raised its position in shares of Healthcare Realty Trust by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 41,624 shares of the real estate investment trust's stock valued at $706,000 after buying an additional 4,249 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 period. Finally, Jones Financial Companies Lllp boosted 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 worth $52,000 after acquiring an additional 1,249 shares during the last quarter.

Healthcare Realty Trust Stock Performance

Healthcare Realty Trust stock traded down $0.13 during midday trading on Friday, reaching $15.92. The stock had a trading volume of 2,346,574 shares, compared to its average volume of 3,148,913. The stock has a market capitalization of $5.59 billion, a PE ratio of -14.61 and a beta of 0.89. The stock's 50-day simple moving average is $15.03 and its 200 day simple moving average is $15.97. Healthcare Realty Trust Incorporated has a twelve month low of $14.09 and a twelve month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $288.86 million for the quarter, compared to analyst estimates of $297.39 million. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The company's revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. Equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is presently -113.76%.

Insider Buying and Selling at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was 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 trade represents a 4.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HR. JPMorgan Chase & Co. reduced their price target 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. Wall Street Zen downgraded Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Wedbush lowered their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.