D. E. Shaw & Co. Inc. Sells 571,953 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

D. E. Shaw & Co. Inc. cut its position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 89.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,260 shares of the real estate investment trust's stock after selling 571,953 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Healthcare Realty Trust were worth $1,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HR. Smartleaf Asset Management LLC increased its position 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 worth $27,000 after acquiring an additional 612 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 purchasing an additional 925 shares during the last quarter. Synergy Investment Management LLC acquired a new position in Healthcare Realty Trust during the 4th quarter valued at about $36,000. Jones Financial Companies Lllp increased its holdings 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 in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Healthcare Realty Trust by 118.8% in the fourth quarter. Allworth Financial LP now owns 5,152 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 2,797 shares during the last quarter.

Wall Street Analyst Weigh In

HR has been the subject of several recent research reports. Scotiabank decreased their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Wall Street Zen raised shares of Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Wells Fargo & Company reduced their price objective on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. Finally, Wedbush dropped 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 report on Monday, May 5th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, Healthcare Realty Trust has an average rating of "Hold" and an average target price of $17.00.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock traded down $0.19 on Wednesday, reaching $14.38. 287,518 shares of the company traded hands, compared to its average volume of 3,157,443. The company has a 50 day moving average of $15.57 and a 200 day moving average of $16.49. Healthcare Realty Trust Incorporated has a 52 week low of $14.25 and a 52 week high of $18.90. The firm has a market capitalization of $5.05 billion, a PE ratio of -8.08 and a beta of 0.92.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate 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 business's revenue for the quarter was down 9.2% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. As a group, analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is presently -113.76%.

Insider Activity

In other news, Director Thomas N. Bohjalian purchased 2,500 shares of Healthcare Realty Trust stock in a transaction dated 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 transaction, the director now directly owns 56,502 shares of the company's stock, valued at approximately $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.37% of the company's stock.

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.