Sumitomo Mitsui Trust Holdings Inc. Reduces Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 26.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,253,697 shares of the real estate investment trust's stock after selling 818,187 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.59% of Healthcare Realty Trust worth $38,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HR. Nordea Investment Management AB increased its stake in shares of Healthcare Realty Trust by 18.3% in the fourth quarter. Nordea Investment Management AB now owns 1,926,498 shares of the real estate investment trust's stock valued at $33,405,000 after buying an additional 297,603 shares during the period. HGK Asset Management Inc. increased its stake in shares of Healthcare Realty Trust by 14.1% in the third quarter. HGK Asset Management Inc. now owns 28,676 shares of the real estate investment trust's stock valued at $438,000 after buying an additional 3,535 shares during the period. New York Life Investment Management LLC increased its stake in shares of Healthcare Realty Trust by 81.3% in the third quarter. New York Life Investment Management LLC now owns 47,537 shares of the real estate investment trust's stock valued at $726,000 after buying an additional 21,315 shares during the period. Beach Investment Counsel Inc. PA increased its stake in shares of Healthcare Realty Trust by 148.6% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust's stock valued at $29,136,000 after buying an additional 1,010,841 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Healthcare Realty Trust by 3.3% in the third quarter. Raymond James & Associates now owns 945,489 shares of the real estate investment trust's stock valued at $14,438,000 after buying an additional 30,349 shares during the period.

Healthcare Realty Trust Trading Up 1.2 %

Shares of HR traded up $0.17 during trading hours on Friday, reaching $13.96. The stock had a trading volume of 2,211,463 shares, compared to its average volume of 2,678,206. Healthcare Realty Trust Incorporated has a 12 month low of $12.77 and a 12 month high of $20.32. The firm has a 50-day simple moving average of $13.86 and a 200 day simple moving average of $15.09. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of -18.86 and a beta of 0.79.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last issued its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) earnings per share (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 during the quarter, compared to the consensus estimate of $334.32 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. Healthcare Realty Trust's revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts forecast that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current year.

Healthcare Realty Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on HR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Healthcare Realty Trust in a research report on Tuesday, January 30th. They set a "hold" rating and a $18.00 target price for the company. Wells Fargo & Company decreased their target price on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 10th. JPMorgan Chase & Co. decreased their target price on shares of Healthcare Realty Trust from $19.00 to $17.00 and set an "overweight" rating for the company in a research report on Wednesday, March 6th. Wedbush downgraded shares of Healthcare Realty Trust from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. Finally, Stifel Nicolaus downgraded shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and decreased their target price for the company from $19.00 to $15.00 in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Healthcare Realty Trust currently has an average rating of "Hold" and a consensus price target of $17.20.

Healthcare Realty Trust Profile

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.