Pekin Hardy Strauss Inc. Purchases New Shares in Healthcare Realty Trust Incorporated (NYSE:HR)

Pekin Hardy Strauss Inc. acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 21,000 shares of the real estate investment trust's stock, valued at approximately $355,000.

Several other hedge funds also recently added to or reduced their stakes in HR. Crossmark Global Holdings Inc. bought a new stake in shares of Healthcare Realty Trust during the 1st quarter worth $228,000. Penserra Capital Management LLC raised its position in shares of Healthcare Realty Trust by 21.0% in the 1st quarter. Penserra Capital Management LLC now owns 80,775 shares of the real estate investment trust's stock valued at $1,365,000 after acquiring an additional 14,027 shares during the period. World Investment Advisors grew its stake in shares of Healthcare Realty Trust by 31.1% during the 1st quarter. World Investment Advisors now owns 15,962 shares of the real estate investment trust's stock worth $270,000 after acquiring an additional 3,787 shares in the last quarter. Sequent Asset Management LLC bought a new position in Healthcare Realty Trust during the first quarter worth $1,022,000. Finally, IFM Investors Pty Ltd boosted its position in Healthcare Realty Trust by 7.9% during the first quarter. IFM Investors Pty Ltd now owns 88,364 shares of the real estate investment trust's stock worth $1,604,000 after purchasing an additional 6,448 shares during the period.

Healthcare Realty Trust Stock Up 0.2%

Shares of NYSE HR opened at $15.89 on Wednesday. The firm's 50-day moving average price is $15.04 and its two-hundred day moving average price is $15.95. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.90. The stock has a market capitalization of $5.58 billion, a P/E ratio of -14.58 and a beta of 0.89.

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, meeting analysts' consensus estimates of $0.39. The company had revenue of $288.86 million during the quarter, compared to analyst estimates 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 company's revenue for the quarter was down 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. As a group, equities research analysts expect that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed 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. This represents a $1.24 annualized dividend and a dividend yield of 7.80%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is -113.76%.

Insider Activity

In related news, Director Thomas N. Bohjalian bought 2,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the purchase, the director owned 56,502 shares in the company, valued at $831,144.42. This represents a 4.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on HR shares. JPMorgan Chase & Co. reduced their price objective on 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. Wall Street Zen cut Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Wedbush dropped their price target on 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, Wells Fargo & Company reduced their price objective 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 analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, Healthcare Realty Trust presently has an average rating of "Hold" and a consensus target price of $16.40.

Healthcare Realty Trust 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.

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