Healthcare Realty Trust Incorporated (NYSE:HR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its position in shares of Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 380,836 shares of the real estate investment trust's stock after selling 25,564 shares during the period. The Manufacturers Life Insurance Company owned about 0.11% of Healthcare Realty Trust worth $6,455,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HR. Bank of New York Mellon Corp lifted its position in Healthcare Realty Trust by 12.0% in the fourth 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 acquiring an additional 495,599 shares during the last quarter. Norges Bank purchased a new position in Healthcare Realty Trust during the 4th quarter worth approximately $76,825,000. Sei Investments Co. increased its position in Healthcare Realty Trust by 17.4% during the fourth quarter. Sei Investments Co. now owns 2,849,743 shares of the real estate investment trust's stock worth $48,303,000 after buying an additional 422,940 shares during the period. Russell Investments Group Ltd. lifted its stake in Healthcare Realty Trust by 22.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,772,522 shares of the real estate investment trust's stock valued at $46,993,000 after buying an additional 508,045 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $31,398,000.

Healthcare Realty Trust Stock Performance

HR stock traded down $0.15 on Monday, reaching $14.90. The company had a trading volume of 602,771 shares, compared to its average volume of 3,199,080. The company's fifty day moving average is $16.03 and its 200 day moving average is $16.72. The company has a market cap of $5.23 billion, a P/E ratio of -8.36 and a beta of 0.92. Healthcare Realty Trust Incorporated has a 1 year low of $14.53 and a 1 year high of $18.90.

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 analysts' consensus estimates of $0.39. The company had revenue of $288.86 million for the quarter, compared to analyst estimates of $297.39 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. The business's revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 EPS. On average, sell-side analysts predict that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current year.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 12th will be given a $0.31 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.24 annualized dividend and a dividend yield of 8.32%. Healthcare Realty Trust's dividend payout ratio is presently -113.76%.

Analysts Set New Price Targets

Several brokerages have issued reports on HR. Scotiabank lowered their price objective on shares of 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. Wedbush reduced their target price on Healthcare Realty Trust from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, May 5th. StockNews.com upgraded shares of Healthcare Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday. Finally, Wells Fargo & Company lowered 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 research report on Monday, March 10th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.00.

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.