Healthcare Realty Trust Incorporated (NYSE:HR) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC grew its stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 107.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,724 shares of the real estate investment trust's stock after buying an additional 51,187 shares during the period. New York Life Investment Management LLC's holdings in Healthcare Realty Trust were worth $1,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HR. Provence Wealth Management Group bought a new position in Healthcare Realty Trust in the 3rd quarter worth about $25,000. Lindbrook Capital LLC raised its stake in Healthcare Realty Trust by 106.0% in the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 954 shares in the last quarter. Quent Capital LLC lifted 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 during the last quarter. International Assets Investment Management LLC purchased a new position in Healthcare Realty Trust in the 4th quarter worth approximately $45,000. Finally, GAMMA Investing LLC bought a new position in shares of Healthcare Realty Trust in the 4th quarter worth $107,000.

Healthcare Realty Trust Stock Up 2.9 %

Shares of NYSE:HR traded up $0.44 on Tuesday, hitting $15.43. 7,285,715 shares of the company traded hands, compared to its average volume of 3,440,095. The company has a market cap of $5.88 billion, a PE ratio of -20.26 and a beta of 0.78. The stock has a 50 day simple moving average of $13.87 and a 200-day simple moving average of $15.06. Healthcare Realty Trust Incorporated has a 52 week low of $12.77 and a 52 week high of $20.30.

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) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.51). Healthcare Realty Trust had a negative net margin of 20.71% and a negative return on equity of 3.87%. The business had revenue of $330.40 million for the quarter, compared to analysts' expectations of $334.32 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. The business's revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 earnings per share for the current year.

Healthcare Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.24 annualized dividend and a yield of 8.04%. Healthcare Realty Trust's payout ratio is presently -167.57%.

Wall Street Analyst Weigh In

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