5,965,515 Shares in Healthcare Realty Trust Incorporated (NYSE:HR) Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA acquired a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,965,515 shares of the real estate investment trust's stock, valued at approximately $100,817,000. Massachusetts Financial Services Co. MA owned about 1.70% of Healthcare Realty Trust at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Starboard Value LP purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at about $342,110,000. Norges Bank purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at about $76,825,000. Rush Island Management LP increased its position in shares of Healthcare Realty Trust by 21.2% during the fourth 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 buying an additional 2,747,848 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at about $39,337,000. Finally, Lasalle Investment Management Securities LLC purchased a new position in shares of Healthcare Realty Trust during the fourth quarter valued at about $31,398,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HR shares. Wedbush reduced 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. JPMorgan Chase & Co. reduced 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. 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 report on Monday, June 2nd. Finally, Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $16.40.

Insider Activity

In other news, Director Thomas N. Bohjalian bought 2,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the purchase, the director owned 56,502 shares in the company, valued at approximately $831,144.42. This represents a 4.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.37% of the company's stock.

Healthcare Realty Trust Trading Down 0.2%

HR traded down $0.03 during midday trading on Friday, reaching $16.17. The company's stock had a trading volume of 4,103,587 shares, compared to its average volume of 3,227,163. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of -14.83 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 1 year low of $14.09 and a 1 year high of $18.90. The stock's 50-day moving average is $15.16 and its 200-day moving average is $15.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued 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. 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 revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. As a group, equities research analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 annualized dividend and a dividend yield of 7.67%. Healthcare Realty Trust's dividend payout ratio is presently -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.