Retirement Systems of Alabama Sells 515,272 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Retirement Systems of Alabama reduced its position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 54.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 431,334 shares of the real estate investment trust's stock after selling 515,272 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Healthcare Realty Trust worth $7,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Starboard Value LP purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth about $342,110,000. Rush Island Management LP boosted its stake in 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 purchasing an additional 2,747,848 shares during the period. Bank of New York Mellon Corp grew its holdings in Healthcare Realty Trust by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust's stock valued at $78,495,000 after buying an additional 495,599 shares in the last quarter. Norges Bank purchased a new stake in Healthcare Realty Trust during the 4th quarter valued at approximately $76,825,000. Finally, Northern Trust Corp raised 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 buying an additional 1,159,763 shares during the last quarter.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian bought 2,500 shares of the stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the acquisition, the director now owns 56,502 shares of the company's stock, valued at $831,144.42. The trade was a 4.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HR. Wedbush dropped their target price on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company 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 report on Saturday, May 31st. 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. Finally, Wells Fargo & Company reduced their target price on Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $16.40.

Healthcare Realty Trust Trading Up 1.4%

HR traded up $0.23 during trading hours on Friday, hitting $15.78. The company's stock had a trading volume of 6,949,014 shares, compared to its average volume of 3,141,319. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of -14.47 and a beta of 0.88. The business's 50-day moving average price is $15.01 and its 200-day moving average price is $16.03. Healthcare Realty Trust Incorporated has a 12 month low of $14.09 and a 12 month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its earnings results 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 firm had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. The business's quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. On average, analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 annualized dividend and a yield of 7.86%. Healthcare Realty Trust's payout ratio 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.