GSA Capital Partners LLP Buys 44,428 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Key Points

• GSA Capital Partners LLP significantly increased its stake in Healthcare Realty Trust by 102.9% during Q1, now holding 87,589 shares valued at approximately $1.48 million.
• Multiple hedge funds have adjusted their positions in Healthcare Realty Trust, including Norges Bank which established a new position valued at about $76.83 million.
• Analyst ratings for Healthcare Realty Trust have recently been downgraded, with price targets reduced by organizations such as JPMorgan Chase and Wells Fargo.

GSA Capital Partners LLP grew its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 102.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,589 shares of the real estate investment trust's stock after buying an additional 44,428 shares during the quarter. GSA Capital Partners LLP's holdings in Healthcare Realty Trust were worth $1,480,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Starboard Value LP bought a new position in shares of Healthcare Realty Trust in the 4th quarter valued at about $342,110,000. Massachusetts Financial Services Co. MA bought a new position in shares of Healthcare Realty Trust in the 1st quarter valued at about $100,817,000. Norges Bank bought a new position in shares of Healthcare Realty Trust in the 4th quarter valued at about $76,825,000. Rush Island Management LP boosted its stake in shares of Healthcare Realty Trust by 21.2% in the 4th quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust's stock valued at $265,800,000 after purchasing an additional 2,747,848 shares during the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in shares of Healthcare Realty Trust in the 4th quarter valued at about $39,337,000.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian bought 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, with a total value of $36,775.00. Following the completion of the purchase, the director owned 56,502 shares of the company's stock, valued at $831,144.42. This represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.37% of the company's stock.

Healthcare Realty Trust Stock Performance

HR stock traded up $1.14 during mid-day trading on Friday, hitting $16.50. 7,928,085 shares of the company were exchanged, compared to its average volume of 3,098,048. The firm has a market cap of $5.80 billion, a P/E ratio of -15.14 and a beta of 0.89. The firm's 50 day simple moving average is $15.38 and its 200 day simple moving average is $15.88. 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 announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $287.07 million for the quarter, compared to the consensus estimate of $290.83 million. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. During the same period last year, the company posted $0.38 EPS. On average, equities research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Thursday, August 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.8%. Healthcare Realty Trust's dividend payout ratio is presently -113.76%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a research report on Monday, June 2nd. Wedbush cut their price target 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. Wall Street Zen downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, JPMorgan Chase & Co. cut their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $16.40.

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.