Cerity Partners LLC Sells 37,944 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Key Points

• Cerity Partners LLC reduced its stake in Healthcare Realty Trust by 65.8%, selling 37,944 shares during the first quarter, leaving it with 19,700 shares valued at approximately $333,000.
• Recently, multiple analysts have lowered their price targets for Healthcare Realty Trust, with JPMorgan setting their target at $17.00 and Wells Fargo at $15.00, indicating a bearish outlook.
• The company declared a quarterly dividend of $0.31, offering an annual yield of 7.92%, though its dividend payout ratio stands at a negative 113.76%.

Cerity Partners LLC reduced its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 65.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,700 shares of the real estate investment trust's stock after selling 37,944 shares during the quarter. Cerity Partners LLC's holdings in Healthcare Realty Trust were worth $333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new stake in shares of Healthcare Realty Trust during the 1st quarter worth $48,000. Slagle Financial LLC boosted its stake in shares of Healthcare Realty Trust by 4.2% during the 1st quarter. Slagle Financial LLC now owns 207,199 shares of the real estate investment trust's stock worth $3,502,000 after acquiring an additional 8,420 shares in the last quarter. Liberty One Investment Management LLC boosted its stake in shares of Healthcare Realty Trust by 12.1% during the 1st quarter. Liberty One Investment Management LLC now owns 289,801 shares of the real estate investment trust's stock worth $4,898,000 after acquiring an additional 31,222 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Healthcare Realty Trust by 32.3% during the 1st quarter. Brown Advisory Inc. now owns 31,068 shares of the real estate investment trust's stock worth $525,000 after acquiring an additional 7,587 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. bought a new stake in shares of Healthcare Realty Trust during the 1st quarter worth $355,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HR shares. Wall Street Zen lowered Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wells Fargo & Company reduced their price objective on 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. Wedbush reduced their price objective on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Thursday, June 26th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, Healthcare Realty Trust has an average rating of "Hold" and a consensus price target of $16.40.

Insider Transactions at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, May 13th. The stock was purchased at an average price of $14.71 per share, with a total value of $36,775.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.37% of the company's stock.

Healthcare Realty Trust Stock Down 0.7%

Shares of Healthcare Realty Trust stock traded down $0.10 during midday trading on Thursday, hitting $15.46. The company's stock had a trading volume of 321,855 shares, compared to its average volume of 3,042,161. The firm has a market capitalization of $5.43 billion, a P/E ratio of -14.19 and a beta of 0.89. The stock has a 50-day simple moving average of $15.36 and a 200-day simple moving average of $15.89. Healthcare Realty Trust Incorporated has a 1-year low of $14.09 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its 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. The business had revenue of $288.86 million during the quarter, compared to analysts' expectations of $297.39 million. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. Healthcare Realty Trust's revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. As a group, sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a yield of 8.02%. Healthcare Realty Trust's payout ratio is -113.76%.

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.