Redwood Investment Management LLC Acquires Shares of 358,445 Healthcare Realty Trust Incorporated (NYSE:HR)

Redwood Investment Management LLC purchased a new stake in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 358,445 shares of the real estate investment trust's stock, valued at approximately $6,076,000. Healthcare Realty Trust makes up about 0.6% of Redwood Investment Management LLC's investment portfolio, making the stock its 19th largest position. Redwood Investment Management LLC owned 0.10% of Healthcare Realty Trust as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in Healthcare Realty Trust by 12.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust's stock valued at $78,495,000 after buying an additional 495,599 shares during the last quarter. Norges Bank acquired a new stake in Healthcare Realty Trust in the fourth quarter worth about $76,825,000. Northern Trust Corp increased its position in Healthcare Realty Trust by 40.3% in the fourth quarter. Northern Trust Corp now owns 4,040,969 shares of the real estate investment trust's stock worth $68,494,000 after purchasing an additional 1,159,763 shares during the period. Farallon Capital Management LLC raised its holdings in Healthcare Realty Trust by 25.4% during the 4th quarter. Farallon Capital Management LLC now owns 3,264,000 shares of the real estate investment trust's stock worth $55,325,000 after purchasing an additional 661,000 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Healthcare Realty Trust by 17.4% during the 4th quarter. Sei Investments Co. now owns 2,849,743 shares of the real estate investment trust's stock valued at $48,303,000 after purchasing an additional 422,940 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. StockNews.com upgraded shares of Healthcare Realty Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Wedbush reduced their price target on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Scotiabank decreased their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust presently has a consensus rating of "Hold" and a consensus target price of $17.00.

Insider Buying and Selling at Healthcare Realty Trust

In related news, Director Thomas N. Bohjalian acquired 2,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were bought at an average cost of $14.71 per share, with a total value of $36,775.00. Following the completion of the transaction, the director now directly owns 56,502 shares of the company's stock, valued at $831,144.42. This trade represents a 4.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.37% of the company's stock.

Healthcare Realty Trust Price Performance

HR traded up $0.24 during trading on Friday, reaching $15.03. The company had a trading volume of 2,720,460 shares, compared to its average volume of 3,179,379. The business's fifty day moving average price is $15.85 and its 200 day moving average price is $16.62. Healthcare Realty Trust Incorporated has a 12 month low of $14.45 and a 12 month high of $18.90. The company has a market cap of $5.28 billion, a P/E ratio of -8.44 and a beta of 0.92.

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

Healthcare Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date is Monday, May 12th. Healthcare Realty Trust's dividend payout ratio is currently -113.76%.

Healthcare Realty Trust Company 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.