FIL Ltd Reduces Position in Healthcare Realty Trust Incorporated (NYSE:HR)

FIL Ltd lessened its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 96.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,913 shares of the real estate investment trust's stock after selling 172,457 shares during the quarter. FIL Ltd's holdings in Healthcare Realty Trust were worth $117,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of Healthcare Realty Trust by 12.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust's stock valued at $78,495,000 after buying an additional 495,599 shares during the last quarter. Norges Bank acquired a new position in Healthcare Realty Trust during the 4th quarter valued at about $76,825,000. Sei Investments Co. increased its holdings in Healthcare Realty Trust by 17.4% during the 4th quarter. Sei Investments Co. now owns 2,849,743 shares of the real estate investment trust's stock worth $48,303,000 after purchasing an additional 422,940 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Healthcare Realty Trust by 22.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,772,522 shares of the real estate investment trust's stock worth $46,993,000 after purchasing an additional 508,045 shares during the last quarter. Finally, Candriam S.C.A. lifted its holdings in shares of Healthcare Realty Trust by 201.4% in the fourth quarter. Candriam S.C.A. now owns 1,729,651 shares of the real estate investment trust's stock valued at $29,318,000 after purchasing an additional 1,155,745 shares in the last quarter.

Analyst Ratings Changes

A number of research firms recently commented on HR. JPMorgan Chase & Co. lowered Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 price target for the company. in a research report on Friday, December 20th. StockNews.com lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Wedbush upgraded shares of Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a report on Monday, April 7th. Scotiabank decreased their price objective on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group downgraded Healthcare Realty Trust from a "buy" rating to a "hold" rating and cut their target price for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $17.00.

Healthcare Realty Trust Trading Up 1.8 %

Shares of NYSE:HR traded up $0.28 on Friday, reaching $15.98. 3,129,278 shares of the company traded hands, compared to its average volume of 3,311,951. Healthcare Realty Trust Incorporated has a 52 week low of $13.74 and a 52 week high of $18.90. The business's 50-day simple moving average is $16.40 and its 200 day simple moving average is $16.96. The stock has a market capitalization of $5.60 billion, a P/E ratio of -8.97 and a beta of 0.85.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $309.77 million during the quarter, compared to analysts' expectations of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The firm's revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 EPS. Sell-side analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date was Monday, March 3rd. Healthcare Realty Trust's payout ratio is -69.66%.

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.