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

Allianz Asset Management GmbH decreased its holdings in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 74.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,613 shares of the real estate investment trust's stock after selling 587,046 shares during the quarter. Allianz Asset Management GmbH owned 0.06% of Healthcare Realty Trust worth $3,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Harvest LLC acquired a new stake in shares of Healthcare Realty Trust in the first quarter worth about $4,394,000. Private Advisor Group LLC lifted its position in shares of Healthcare Realty Trust by 3.8% during the 1st quarter. Private Advisor Group LLC now owns 25,051 shares of the real estate investment trust's stock worth $423,000 after purchasing an additional 920 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Healthcare Realty Trust by 18.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 55,787 shares of the real estate investment trust's stock worth $943,000 after purchasing an additional 8,649 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Healthcare Realty Trust during the 1st quarter worth about $100,817,000. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Healthcare Realty Trust during the 1st quarter worth about $2,934,000.

Analyst Upgrades and Downgrades

HR has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective 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. Wedbush cut their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Wells Fargo & Company cut their price target on Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Monday, June 2nd. Finally, Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $16.40.

Insider Buying and Selling at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian purchased 2,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were bought at an average price of $14.71 per share, with a total value of $36,775.00. Following the purchase, the director directly owned 56,502 shares in the company, valued at $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 this link. 0.37% of the stock is currently owned by company insiders.

Healthcare Realty Trust Stock Performance

Shares of HR stock traded up $1.14 during trading hours on Friday, hitting $16.50. The company had a trading volume of 7,928,085 shares, compared to its average volume of 3,644,029. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.90. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of -14.35 and a beta of 0.89. The firm's fifty day moving average is $15.43 and its 200 day moving average is $15.88.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Healthcare Realty Trust had a negative return on equity of 7.53% and a negative net margin of 32.95%. The firm had revenue of $287.07 million for the quarter, compared to the consensus estimate of $290.83 million. During the same quarter in the prior year, the business earned $0.38 EPS. On average, sell-side analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.8%. Healthcare Realty Trust's dividend payout ratio (DPR) is currently -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.