Healthcare Realty Trust Incorporated (NYSE:HR) Position Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 17.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,661 shares of the real estate investment trust's stock after selling 18,100 shares during the quarter. Nisa Investment Advisors LLC's holdings in Healthcare Realty Trust were worth $1,498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HR. Starboard Value LP acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $342,110,000. Norges Bank acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $76,825,000. Rush Island Management LP boosted its position in shares of Healthcare Realty Trust by 21.2% in the fourth quarter. Rush Island Management LP now owns 15,681,440 shares of the real estate investment trust's stock worth $265,800,000 after acquiring an additional 2,747,848 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $39,337,000. Finally, Lasalle Investment Management Securities LLC acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter worth approximately $31,398,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HR shares. Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Wells Fargo & Company decreased their target price on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating on the stock in a research report on Monday, June 2nd. 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, Healthcare Realty Trust has an average rating of "Hold" and a consensus target price of $16.40.

Healthcare Realty Trust Price Performance

HR stock traded up $0.09 during midday trading on Friday, reaching $16.29. 1,506,158 shares of the company's stock traded hands, compared to its average volume of 3,209,273. The company has a market capitalization of $5.72 billion, a P/E ratio of -14.93 and a beta of 0.89. Healthcare Realty Trust Incorporated has a fifty-two week low of $14.09 and a fifty-two week high of $18.90. The business has a 50-day moving average price of $15.14 and a two-hundred day moving average price of $15.91.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. Healthcare Realty Trust had a negative net margin of 31.32% and a negative return on equity of 7.06%. 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 previous year, the company posted $0.39 earnings per share. Healthcare Realty Trust's revenue was down 9.2% compared to the same quarter last year. As a group, research analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were given a dividend of $0.31 per share. The ex-dividend date was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.61%. Healthcare Realty Trust's payout ratio is currently -113.76%.

Insider Activity at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian bought 2,500 shares of Healthcare Realty Trust stock in a transaction dated Tuesday, May 13th. The shares were acquired at an average cost of $14.71 per share, with a total value of $36,775.00. Following the completion of the transaction, the director owned 56,502 shares in the company, valued at approximately $831,144.42. This trade represents a 4.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.37% of the company's stock.

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.