Starboard Value LP Takes Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Starboard Value LP acquired a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 20,183,460 shares of the real estate investment trust's stock, valued at approximately $342,110,000. Healthcare Realty Trust makes up 6.2% of Starboard Value LP's holdings, making the stock its 6th biggest holding. Starboard Value LP owned about 5.70% of Healthcare Realty Trust at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HR. Smartleaf Asset Management LLC raised its position 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. O Shaughnessy Asset Management LLC raised its position in Healthcare Realty Trust by 6.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 706 shares during the period. ProShare Advisors LLC raised its position in Healthcare Realty Trust by 4.8% in the fourth quarter. ProShare Advisors LLC now owns 16,581 shares of the real estate investment trust's stock valued at $281,000 after purchasing an additional 756 shares during the period. Pacer Advisors Inc. raised its position in Healthcare Realty Trust by 1.1% in the fourth quarter. Pacer Advisors Inc. now owns 70,776 shares of the real estate investment trust's stock valued at $1,200,000 after purchasing an additional 786 shares during the period. Finally, Park Avenue Securities LLC raised its position in Healthcare Realty Trust by 4.1% in the fourth quarter. Park Avenue Securities LLC now owns 20,193 shares of the real estate investment trust's stock valued at $342,000 after purchasing an additional 793 shares during the period.

Insider Transactions at Healthcare Realty Trust

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

Healthcare Realty Trust Trading Down 3.9%

HR traded down $0.59 on Wednesday, hitting $14.38. 2,199,455 shares of the company were exchanged, compared to its average volume of 3,172,040. Healthcare Realty Trust Incorporated has a twelve month low of $14.37 and a twelve month high of $18.90. The company has a market cap of $5.05 billion, a price-to-earnings ratio of -8.08 and a beta of 0.92. The firm has a 50-day moving average price of $15.80 and a two-hundred day moving average price of $16.59.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The firm had revenue of $288.86 million during the quarter, compared to analysts' expectations of $297.39 million. During the same period in the previous year, the firm posted $0.39 EPS. Healthcare Realty Trust's revenue for the quarter was down 9.2% on a year-over-year basis. Equities analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 12th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.24 annualized dividend and a dividend yield of 8.62%. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Scotiabank reduced their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. Wedbush dropped their price objective 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, StockNews.com raised Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.00.

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.