107,000 Shares in Healthcare Realty Trust Incorporated (NYSE:HR) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 107,000 shares of the real estate investment trust's stock, valued at approximately $1,844,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Provence Wealth Management Group purchased a new stake in Healthcare Realty Trust during the third quarter worth $25,000. Sunbelt Securities Inc. purchased a new stake in shares of Healthcare Realty Trust during the 1st quarter worth $31,000. Quent Capital LLC boosted its position in Healthcare Realty Trust by 47.4% during the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 622 shares in the last quarter. Legacy Financial Group LLC purchased a new position in Healthcare Realty Trust in the third quarter valued at about $34,000. Finally, Harbour Investments Inc. purchased a new stake in shares of Healthcare Realty Trust during the fourth quarter valued at about $39,000.

Healthcare Realty Trust Price Performance

HR traded up $0.17 on Friday, reaching $13.96. 2,211,452 shares of the stock were exchanged, compared to its average volume of 3,188,169. The company's 50-day moving average price is $13.89 and its 200 day moving average price is $15.09. The firm has a market capitalization of $5.32 billion, a PE ratio of -18.93 and a beta of 0.79. Healthcare Realty Trust Incorporated has a fifty-two week low of $12.77 and a fifty-two week high of $20.32.

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

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Monday, February 26th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.24 annualized dividend and a dividend yield of 8.88%. Healthcare Realty Trust's dividend payout ratio (DPR) is presently -167.57%.

Analyst Upgrades and Downgrades

HR has been the topic of a number of analyst reports. Wedbush downgraded shares of Healthcare Realty Trust from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th. Stifel Nicolaus downgraded Healthcare Realty Trust from a "buy" rating to a "hold" rating and reduced their price target for the stock from $19.00 to $15.00 in a research report on Tuesday, February 20th. JPMorgan Chase & Co. decreased their price objective on Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating for the company in a report on Wednesday, March 6th. Wells Fargo & Company dropped their target price on Healthcare Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Healthcare Realty Trust in a research report on Tuesday, January 30th. They set a "hold" rating and a $18.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Healthcare Realty Trust presently has a consensus rating of "Hold" and an average target price 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.