Pekin Hardy Strauss Inc. Makes New $355,000 Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Pekin Hardy Strauss Inc. acquired a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,000 shares of the real estate investment trust's stock, valued at approximately $355,000.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $440,000. Smartleaf Asset Management LLC grew its stake in Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 612 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Healthcare Realty Trust by 68.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 1,249 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Healthcare Realty Trust by 3,419.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 28,510 shares of the real estate investment trust's stock valued at $483,000 after acquiring an additional 27,700 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Healthcare Realty Trust by 6.3% during the fourth quarter. M&T Bank Corp now owns 44,219 shares of the real estate investment trust's stock valued at $749,000 after acquiring an additional 2,616 shares in the last quarter.

Insider Activity

In other news, Director Thomas N. Bohjalian purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the acquisition, the director directly owned 56,502 shares of the company's stock, valued at $831,144.42. This represents a 4.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.37% of the company's stock.

Healthcare Realty Trust Stock Down 0.6%

Shares of Healthcare Realty Trust stock traded down $0.11 during trading on Friday, reaching $16.09. The company's stock had a trading volume of 7,007,350 shares, compared to its average volume of 3,185,129. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.90. The company has a market cap of $5.65 billion, a price-to-earnings ratio of -14.76 and a beta of 0.89. The firm's 50-day moving average is $15.08 and its two-hundred day moving average is $15.93.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) 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 company had revenue of $288.86 million during the quarter, compared to analysts' expectations of $297.39 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm's revenue was down 9.2% on a year-over-year basis. On average, equities research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The firm 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. The ex-dividend date was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.71%. Healthcare Realty Trust's dividend payout ratio (DPR) is -113.76%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Wells Fargo & Company cut their price target on shares of 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 cut their price target on shares of 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, JPMorgan Chase & Co. cut their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Thursday, June 26th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Healthcare Realty Trust has an average rating of "Hold" and an average target price 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.