Sumitomo Mitsui Trust Group Inc. Sells 1,164,401 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 75.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 387,708 shares of the real estate investment trust's stock after selling 1,164,401 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.11% of Healthcare Realty Trust worth $6,552,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HR. Starboard Value LP bought a new position in shares of Healthcare Realty Trust in the 4th quarter valued at about $342,110,000. Norges Bank bought a new position in shares of Healthcare Realty Trust in the 4th quarter worth $76,825,000. Rush Island Management LP boosted its holdings in Healthcare Realty Trust by 21.2% during 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 buying an additional 2,747,848 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in Healthcare Realty Trust during the 4th quarter worth approximately $39,337,000. Finally, Lasalle Investment Management Securities LLC bought a new position in Healthcare Realty Trust during the 4th quarter worth approximately $31,398,000.

Insider Buying and Selling at Healthcare Realty Trust

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of the stock in a transaction on Tuesday, May 13th. The shares were purchased at an average price of $14.71 per share, for a total transaction of $36,775.00. Following the transaction, the director directly owned 56,502 shares of the company's stock, valued at approximately $831,144.42. This represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HR shares. Wells Fargo & Company reduced their target price 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. Wedbush cut their price objective on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. cut 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $16.40.

Healthcare Realty Trust Price Performance

NYSE HR traded down $0.06 on Monday, hitting $15.86. 3,629,148 shares of the stock were exchanged, compared to its average volume of 3,152,317. The business's fifty day moving average is $15.03 and its 200 day moving average is $15.95. 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 capitalization of $5.57 billion, a PE ratio of -14.55 and a beta of 0.89.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $288.86 million for the quarter, compared to analyst estimates 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 business's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. Analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.82%. Healthcare Realty Trust's dividend payout ratio (DPR) is currently -113.76%.

Healthcare Realty Trust Company 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.