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

Massachusetts Financial Services Co. MA bought a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 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 institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Healthcare Realty Trust during the 1st quarter valued at $26,000. Lazard Asset Management LLC purchased a new stake in Healthcare Realty Trust during the 4th quarter valued at $45,000. Financial Gravity Asset Management Inc. purchased a new stake in Healthcare Realty Trust during the 1st quarter valued at $48,000. UMB Bank n.a. boosted its stake in Healthcare Realty Trust by 73.3% during the 1st quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock valued at $51,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Healthcare Realty Trust by 16.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock valued at $84,000 after purchasing an additional 695 shares during the last quarter.

Insider Buying and Selling

In related news, Director Thomas N. Bohjalian bought 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $14.71 per share, with a total value of $36,775.00. Following the acquisition, the director owned 56,502 shares in the company, valued at $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. 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. Wells Fargo & Company cut their target price on 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. Wedbush lowered their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, May 31st. Two 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, the company currently has an average rating of "Hold" and an average price target of $16.40.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR traded up $0.22 during midday trading on Thursday, hitting $16.21. 3,852,777 shares of the stock traded hands, compared to its average volume of 3,215,525. The firm has a 50-day moving average of $15.14 and a two-hundred day moving average of $15.91. The firm has a market capitalization of $5.70 billion, a P/E ratio of -14.88 and a beta of 0.89. Healthcare Realty Trust Incorporated has a one year low of $14.09 and a one year high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting 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 for the quarter, compared to analysts' expectations of $297.39 million. During the same period in the prior year, the firm earned $0.39 EPS. The company's revenue was down 9.2% compared to the same quarter last year. Equities 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 business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a yield of 7.65%. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

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.