Impax Asset Management Group plc Sells 261,370 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Impax Asset Management Group plc trimmed its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 27.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 706,352 shares of the real estate investment trust's stock after selling 261,370 shares during the period. Impax Asset Management Group plc owned 0.19% of Healthcare Realty Trust worth $12,170,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Provence Wealth Management Group purchased a new stake in shares of Healthcare Realty Trust in the third quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Healthcare Realty Trust during the 1st quarter valued at $31,000. Quent Capital LLC grew its holdings in shares of Healthcare Realty Trust by 47.4% during the 4th quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 622 shares in the last quarter. Legacy Financial Group LLC acquired a new position in shares of Healthcare Realty Trust in the third quarter worth $34,000. Finally, Harbour Investments Inc. purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter worth $39,000.

Healthcare Realty Trust Stock Down 3.7 %

HR traded down $0.54 during midday trading on Wednesday, reaching $14.05. 3,635,256 shares of the company's stock were exchanged, compared to its average volume of 3,223,988. The business has a 50-day simple moving average of $14.13 and a two-hundred day simple moving average of $15.14. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of -18.99 and a beta of 0.79. Healthcare Realty Trust Incorporated has a one year low of $12.77 and a one year high of $20.32.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.51). The company had revenue of $330.40 million during the quarter, compared to the consensus estimate of $334.32 million. Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The business's revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. As a group, research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 26th were given a dividend of $0.31 per share. The ex-dividend date was Friday, February 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 8.83%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -167.57%.

Wall Street Analyst Weigh In

HR has been the topic of several recent research reports. Wedbush lowered shares of Healthcare Realty Trust from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They set a "hold" rating and a $18.00 price objective on the stock. Stifel Nicolaus downgraded Healthcare Realty Trust from a "buy" rating to a "hold" rating and lowered their price target for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Wells Fargo & Company dropped their price target on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.20.

About Healthcare Realty Trust

Healthcare Realty NYSE: HR is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.