GAMMA Investing LLC Buys 130,137 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

GAMMA Investing LLC raised its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 1,650.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,022 shares of the real estate investment trust's stock after acquiring an additional 130,137 shares during the period. GAMMA Investing LLC's holdings in Healthcare Realty Trust were worth $23,330,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its position in shares of Healthcare Realty Trust by 21.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,501 shares of the real estate investment trust's stock valued at $907,000 after buying an additional 9,467 shares in the last quarter. Comprehensive Money Management Services LLC bought a new position in Healthcare Realty Trust in the fourth quarter valued at approximately $290,000. Employees Retirement System of Texas acquired a new position in Healthcare Realty Trust during the fourth quarter valued at approximately $3,390,000. AlphaCore Capital LLC acquired a new position in Healthcare Realty Trust during the fourth quarter valued at approximately $375,000. Finally, Mackenzie Financial Corp lifted its stake in Healthcare Realty Trust by 234.9% during the fourth quarter. Mackenzie Financial Corp now owns 56,987 shares of the real estate investment trust's stock worth $966,000 after purchasing an additional 39,969 shares during the last quarter.

Analysts Set New Price Targets

HR has been the topic of several recent analyst reports. Scotiabank decreased their price target on 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. Wells Fargo & Company reduced 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. Wedbush decreased their target price 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. Finally, Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $16.80.

Insider Activity at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.37% of the stock is owned by company insiders.

Healthcare Realty Trust Stock Up 1.9%

Shares of NYSE:HR traded up $0.28 during trading on Friday, hitting $14.46. 5,876,829 shares of the company were exchanged, compared to its average volume of 3,139,304. Healthcare Realty Trust Incorporated has a 1-year low of $14.09 and a 1-year high of $18.90. The company has a market capitalization of $5.08 billion, a P/E ratio of -8.12 and a beta of 0.88. The business's 50 day moving average is $15.19 and its 200-day moving average is $16.30.

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 for the quarter, hitting analysts' consensus estimates 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 11.20% and a negative net margin of 51.60%. Healthcare Realty Trust's quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, sell-side analysts anticipate 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. Stockholders of record on Monday, May 12th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 8.58%. The ex-dividend date of this dividend was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

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.