Allianz Asset Management GmbH Has $3.44 Million Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Allianz Asset Management GmbH lowered its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 74.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,613 shares of the real estate investment trust's stock after selling 587,046 shares during the period. Allianz Asset Management GmbH owned approximately 0.06% of Healthcare Realty Trust worth $3,441,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in Healthcare Realty Trust in the first quarter worth $26,000. Lazard Asset Management LLC acquired a new position in Healthcare Realty Trust in the fourth quarter worth $45,000. Financial Gravity Asset Management Inc. acquired a new position in Healthcare Realty Trust in the first quarter worth $48,000. UMB Bank n.a. boosted its holdings in Healthcare Realty Trust by 73.3% in the first quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock worth $51,000 after purchasing an additional 1,279 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Healthcare Realty Trust by 16.4% in the first quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock worth $84,000 after purchasing an additional 695 shares during the period.

Analysts Set New Price Targets

HR has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price 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 cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wedbush cut their target price on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Wells Fargo & Company cut their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, Healthcare Realty Trust has a consensus rating of "Hold" and a consensus target price of $16.40.

Healthcare Realty Trust Stock Up 7.4%

Healthcare Realty Trust stock traded up $1.14 during midday trading on Friday, hitting $16.50. The company's stock had a trading volume of 7,928,085 shares, compared to its average volume of 3,098,048. The stock's 50-day moving average price is $15.38 and its 200-day moving average price is $15.88. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.90. The company has a market capitalization of $5.80 billion, a PE ratio of -15.14 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $287.07 million for the quarter, compared to analysts' expectations of $290.83 million. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. During the same quarter in the previous year, the business posted $0.38 EPS. As a group, equities analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Cuts Dividend

The company also recently declared 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 payout ratio is -113.76%.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of $14.71 per share, with a total value of $36,775.00. Following the purchase, the director owned 56,502 shares in the company, valued at $831,144.42. This represents a 4.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.