Comerica Bank Trims Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Comerica Bank cut its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 209,584 shares of the real estate investment trust's stock after selling 20,344 shares during the quarter. Comerica Bank owned about 0.06% of Healthcare Realty Trust worth $3,552,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Healthcare Realty Trust by 49.1% in the 4th quarter. AQR Capital Management LLC now owns 681,618 shares of the real estate investment trust's stock worth $11,458,000 after purchasing an additional 224,579 shares in the last quarter. AdvisorShares Investments LLC purchased a new position in Healthcare Realty Trust during the fourth quarter valued at $456,000. Northern Trust Corp boosted its holdings in Healthcare Realty Trust by 40.3% in the fourth quarter. Northern Trust Corp now owns 4,040,969 shares of the real estate investment trust's stock worth $68,494,000 after acquiring an additional 1,159,763 shares in the last quarter. Pinebridge Investments L.P. grew its stake in shares of Healthcare Realty Trust by 42.7% in the fourth quarter. Pinebridge Investments L.P. now owns 113,709 shares of the real estate investment trust's stock worth $1,927,000 after acquiring an additional 34,018 shares during the last quarter. Finally, Quantessence Capital LLC bought a new position in shares of Healthcare Realty Trust during the fourth quarter valued at $359,000.

Healthcare Realty Trust Trading Up 0.3 %

HR stock traded up $0.04 on Friday, hitting $15.36. The company had a trading volume of 2,384,698 shares, compared to its average volume of 3,206,608. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of -8.63 and a beta of 0.92. The stock's 50-day simple moving average is $16.03 and its 200 day simple moving average is $16.74. Healthcare Realty Trust Incorporated has a 12-month low of $14.53 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly 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 firm had revenue of $288.86 million for the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The company's revenue for the quarter was down 9.2% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. Research analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

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 paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 8.07%. The ex-dividend date of this dividend is Monday, May 12th. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -113.76%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HR. Wedbush dropped their price target on shares of Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday. Wells Fargo & Company dropped their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, March 10th. StockNews.com raised shares of Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, Scotiabank lowered their price objective 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. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.00.

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.