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

Sumitomo Mitsui Trust Group Inc. lessened its position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 75.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $440,000. Smartleaf Asset Management LLC raised 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 buying an additional 612 shares during the last quarter. Jones Financial Companies Lllp raised 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 buying an additional 1,249 shares during the last quarter. Steward Partners Investment Advisory LLC raised 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 buying an additional 27,700 shares during the last quarter. Finally, Synergy Investment Management LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $36,000.

Wall Street Analyst Weigh In

HR has been the subject of a number of research analyst reports. Wedbush reduced their target price on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. reduced their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Thursday, June 26th. Wall Street Zen lowered Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report 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 analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $16.40.

Healthcare Realty Trust Stock Down 0.8%

Shares of Healthcare Realty Trust stock traded down $0.13 on Friday, reaching $15.92. The company's stock had a trading volume of 2,346,574 shares, compared to its average volume of 3,150,402. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of -14.61 and a beta of 0.89. Healthcare Realty Trust Incorporated has a 52 week low of $14.09 and a 52 week high of $18.90. The firm's fifty day simple moving average is $15.03 and its two-hundred day simple moving average is $15.96.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. The company had revenue of $288.86 million during the quarter, compared to analysts' expectations of $297.39 million. Healthcare Realty Trust had a negative return on equity of 7.06% and a negative net margin of 31.32%. Healthcare Realty Trust'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 business earned $0.39 earnings per share. As a group, research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date was Monday, May 12th. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -113.76%.

Insider Buying and Selling

In other news, Director Thomas N. Bohjalian acquired 2,500 shares of Healthcare Realty Trust stock in a transaction that occurred on 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 completion of the transaction, the director owned 56,502 shares in the company, valued at $831,144.42. The trade was a 4.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.37% of the company's stock.

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.