Sequent Asset Management LLC Buys New Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Sequent Asset Management LLC 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 13F filing with the Securities and Exchange Commission. The institutional investor acquired 60,450 shares of the real estate investment trust's stock, valued at approximately $1,022,000.

Several other hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at about $440,000. Smartleaf Asset Management LLC grew its holdings in Healthcare Realty Trust by 59.0% in 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 purchasing an additional 612 shares during the period. Jones Financial Companies Lllp grew its holdings in Healthcare Realty Trust by 68.7% in 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 purchasing an additional 1,249 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Healthcare Realty Trust by 3,419.8% in 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 buying an additional 27,700 shares in the last quarter. Finally, Synergy Investment Management LLC acquired a new position in shares of Healthcare Realty Trust during the 4th quarter worth approximately $36,000.

Insider Activity

In other Healthcare Realty Trust news, Director Thomas N. Bohjalian acquired 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $14.71 per share, for a total transaction of $36,775.00. Following the completion of the acquisition, the director owned 56,502 shares of the company's stock, valued at approximately $831,144.42. The trade was a 4.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by corporate insiders.

Healthcare Realty Trust Price Performance

HR traded down $0.13 on Friday, reaching $15.92. 2,346,574 shares of the company's stock were exchanged, compared to its average volume of 3,148,913. Healthcare Realty Trust Incorporated has a twelve month low of $14.09 and a twelve month high of $18.90. The stock has a market cap of $5.59 billion, a PE ratio of -14.61 and a beta of 0.89. The stock's fifty day moving average price is $15.02 and its 200-day moving average price is $15.98.

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 analysts' consensus estimates of $0.39. The business had revenue of $288.86 million during the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. The company's revenue for the quarter was down 9.2% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. As a group, research analysts predict 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 declared 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 annualized dividend and a dividend yield of 7.79%. Healthcare Realty Trust's dividend payout ratio (DPR) is -113.76%.

Analyst Ratings Changes

A number of research firms recently issued reports on HR. JPMorgan Chase & Co. dropped 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 note on Thursday, June 26th. Wedbush cut their target price 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. Wall Street Zen lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Saturday, May 31st. Finally, Wells Fargo & Company reduced their target price on Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a report on Monday, June 2nd. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, Healthcare Realty Trust presently has a consensus rating of "Hold" and an average 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.