KBC Group NV Cuts Position in Healthcare Realty Trust Incorporated (NYSE:HR)

KBC Group NV lowered its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 91.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,329 shares of the real estate investment trust's stock after selling 169,148 shares during the period. KBC Group NV's holdings in Healthcare Realty Trust were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Starboard Value LP bought a new stake in shares of Healthcare Realty Trust in the 4th quarter worth approximately $342,110,000. Rush Island Management LP grew its position 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 worth $265,800,000 after buying an additional 2,747,848 shares during the last quarter. Norges Bank bought a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at approximately $76,825,000. Northern Trust Corp boosted its position in shares of Healthcare Realty Trust by 40.3% during the fourth quarter. Northern Trust Corp now owns 4,040,969 shares of the real estate investment trust's stock valued at $68,494,000 after purchasing an additional 1,159,763 shares in the last quarter. Finally, Farallon Capital Management LLC boosted its position in shares of Healthcare Realty Trust by 25.4% during the fourth quarter. Farallon Capital Management LLC now owns 3,264,000 shares of the real estate investment trust's stock valued at $55,325,000 after purchasing an additional 661,000 shares in the last quarter.

Insider Activity

In related news, Director Thomas N. Bohjalian acquired 2,500 shares of the stock in a transaction dated 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 purchase, the director directly owned 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by insiders.

Healthcare Realty Trust Price Performance

Shares of NYSE:HR traded down $0.14 during trading on Monday, hitting $15.79. 426,045 shares of the company's stock were exchanged, compared to its average volume of 3,140,150. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.90. The business's 50-day simple moving average is $15.03 and its 200 day simple moving average is $15.95. The company has a market cap of $5.55 billion, a price-to-earnings ratio of -14.48 and a beta of 0.89.

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 the consensus estimate of $0.39. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The firm had revenue of $288.86 million during the quarter, compared to analysts' expectations of $297.39 million. During the same quarter last year, the business posted $0.39 earnings per share. The firm's revenue was down 9.2% on a year-over-year basis. On average, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business 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 7.86%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust's payout ratio is -113.76%.

Analysts Set New Price Targets

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

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.