Pinebridge Investments L.P. Grows Stock Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Pinebridge Investments L.P. increased its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 42.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,709 shares of the real estate investment trust's stock after acquiring an additional 34,018 shares during the period. Pinebridge Investments L.P.'s holdings in Healthcare Realty Trust were worth $1,927,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HR. Smartleaf Asset Management LLC lifted its holdings in shares of Healthcare Realty Trust by 59.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 612 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Healthcare Realty Trust by 6.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 706 shares during the last quarter. Pacer Advisors Inc. boosted its position in Healthcare Realty Trust by 1.1% during the fourth quarter. Pacer Advisors Inc. now owns 70,776 shares of the real estate investment trust's stock valued at $1,200,000 after buying an additional 786 shares during the period. Park Avenue Securities LLC grew its stake in shares of Healthcare Realty Trust by 4.1% during the fourth quarter. Park Avenue Securities LLC now owns 20,193 shares of the real estate investment trust's stock valued at $342,000 after buying an additional 793 shares during the last quarter. Finally, Consolidated Portfolio Review Corp increased its holdings in shares of Healthcare Realty Trust by 1.5% in the fourth quarter. Consolidated Portfolio Review Corp now owns 55,333 shares of the real estate investment trust's stock worth $938,000 after buying an additional 808 shares during the period.

Wall Street Analyst Weigh In

HR has been the topic of several recent research reports. Scotiabank reduced their price target on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company cut their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. StockNews.com upgraded shares of Healthcare Realty Trust from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Wedbush raised shares of Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $17.00.

Healthcare Realty Trust Price Performance

NYSE:HR traded down $0.65 during trading hours on Friday, hitting $15.24. The company had a trading volume of 6,866,860 shares, compared to its average volume of 3,262,312. Healthcare Realty Trust Incorporated has a 52 week low of $14.53 and a 52 week high of $18.90. The company has a market capitalization of $5.35 billion, a PE ratio of -8.56 and a beta of 0.92. The stock has a 50-day moving average price of $16.20 and a 200 day moving average price of $16.83.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $288.86 million during the quarter, compared to the consensus estimate of $297.39 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. Healthcare Realty Trust's revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. Analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Monday, May 12th will be issued a $0.31 dividend. The ex-dividend date is Monday, May 12th. This represents a $1.24 dividend on an annualized basis and a yield of 8.14%. Healthcare Realty Trust's dividend payout ratio (DPR) is -113.76%.

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.