Renaissance Technologies LLC Has $13.95 Million Stake in Healthcare Realty Trust Incorporated (NYSE:HR)

Renaissance Technologies LLC reduced its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 22.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 822,972 shares of the real estate investment trust's stock after selling 235,400 shares during the quarter. Renaissance Technologies LLC owned approximately 0.23% of Healthcare Realty Trust worth $13,949,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of Healthcare Realty Trust by 130.3% during the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 925 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Healthcare Realty Trust by 59.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 612 shares during the period. Synergy Investment Management LLC bought a new position in Healthcare Realty Trust in the 4th quarter valued at about $36,000. Jones Financial Companies Lllp boosted its holdings in shares of Healthcare Realty Trust by 68.7% in the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 1,249 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Healthcare Realty Trust during the 3rd quarter valued at $78,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wedbush upgraded shares of Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, April 7th. Scotiabank reduced their target price on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating for the company in a report on Tuesday, February 25th. Jefferies Financial Group downgraded Healthcare Realty Trust from a "buy" rating to a "hold" rating and cut their price objective for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. Wells Fargo & Company decreased their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Finally, StockNews.com lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $17.00.

Healthcare Realty Trust Stock Performance

Shares of NYSE HR traded up $0.28 during mid-day trading on Friday, reaching $15.98. The company had a trading volume of 3,129,278 shares, compared to its average volume of 3,316,371. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of -8.97 and a beta of 0.85. The stock has a fifty day moving average of $16.40 and a two-hundred day moving average of $16.95. Healthcare Realty Trust Incorporated has a 12-month low of $13.86 and a 12-month high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. 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 $309.77 million during the quarter, compared to the consensus estimate of $303.81 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company's revenue was down 6.3% compared to the same quarter last year. Sell-side analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 7.76%. Healthcare Realty Trust's dividend payout ratio (DPR) is currently -69.66%.

About Healthcare Realty Trust

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.