Y Intercept Hong Kong Ltd Invests $325,000 in Healthcare Realty Trust Incorporated (NYSE:HR)

Y Intercept Hong Kong Ltd acquired a new position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,217 shares of the real estate investment trust's stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HR. Golden State Wealth Management LLC purchased a new position in Healthcare Realty Trust in the 1st quarter worth about $26,000. Lazard Asset Management LLC purchased a new position in Healthcare Realty Trust in the 4th quarter worth about $45,000. Financial Gravity Asset Management Inc. purchased a new position in Healthcare Realty Trust in the 1st quarter worth about $48,000. UMB Bank n.a. increased its stake in Healthcare Realty Trust by 73.3% in the 1st quarter. UMB Bank n.a. now owns 3,024 shares of the real estate investment trust's stock worth $51,000 after buying an additional 1,279 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Healthcare Realty Trust by 16.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,945 shares of the real estate investment trust's stock worth $84,000 after buying an additional 695 shares during the period.

Insider Activity

In other news, Director Thomas N. Bohjalian bought 2,500 shares of Healthcare Realty Trust stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of $14.71 per share, with a total value of $36,775.00. Following the completion of the acquisition, the director directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.37% of the company's stock.

Healthcare Realty Trust Stock Up 7.4%

Shares of NYSE:HR traded up $1.14 during trading on Friday, hitting $16.50. 7,928,085 shares of the stock traded hands, compared to its average volume of 3,644,029. The company has a market cap of $5.80 billion, a price-to-earnings ratio of -14.35 and a beta of 0.89. The company has a fifty day moving average price of $15.43 and a two-hundred day moving average price of $15.88. Healthcare Realty Trust Incorporated has a 52-week low of $14.09 and a 52-week high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. Healthcare Realty Trust had a negative net margin of 32.95% and a negative return on equity of 7.53%. The business had revenue of $287.07 million during the quarter, compared to analyst estimates of $290.83 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, equities research analysts predict that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.8%. Healthcare Realty Trust's dividend payout ratio is presently -113.76%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HR shares. Wall Street Zen downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Wells Fargo & Company lowered their target price on shares of Healthcare Realty Trust from $16.00 to $15.00 and set an "underweight" rating for the company in a research note on Monday, June 2nd. JPMorgan Chase & Co. decreased their price objective on shares of 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. Finally, Wedbush decreased their price objective 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. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $16.40.

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.