Wells Fargo & Company MN Reduces Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Wells Fargo & Company MN reduced its holdings in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,904 shares of the real estate investment trust's stock after selling 19,441 shares during the period. Wells Fargo & Company MN owned about 0.05% of Healthcare Realty Trust worth $3,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank acquired a new stake in Healthcare Realty Trust during the 4th quarter worth about $76,825,000. Candriam S.C.A. raised its position in Healthcare Realty Trust by 201.4% during the fourth quarter. Candriam S.C.A. now owns 1,729,651 shares of the real estate investment trust's stock valued at $29,318,000 after acquiring an additional 1,155,745 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Healthcare Realty Trust by 289.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,552,109 shares of the real estate investment trust's stock valued at $26,308,000 after acquiring an additional 1,153,657 shares in the last quarter. Aew Capital Management L P lifted its holdings in Healthcare Realty Trust by 1,582.3% in the fourth quarter. Aew Capital Management L P now owns 920,560 shares of the real estate investment trust's stock valued at $15,603,000 after acquiring an additional 865,840 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Healthcare Realty Trust by 12.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,630,973 shares of the real estate investment trust's stock worth $78,495,000 after purchasing an additional 495,599 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HR. 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 research note on Monday, March 10th. StockNews.com lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, March 27th. Wedbush upgraded Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, April 7th. Jefferies Financial Group cut Healthcare Realty Trust from a "buy" rating to a "hold" rating and reduced their price target for the stock from $19.00 to $17.00 in a report on Thursday, January 2nd. Finally, Scotiabank dropped their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.00.

Healthcare Realty Trust Stock Performance

Shares of HR stock remained flat at $15.63 on Monday. 2,462,205 shares of the stock were exchanged, compared to its average volume of 3,268,659. Healthcare Realty Trust Incorporated has a twelve month low of $14.07 and a twelve month high of $18.90. The firm has a 50-day moving average of $16.29 and a 200-day moving average of $16.89. The company has a market cap of $5.48 billion, a P/E ratio of -8.78 and a beta of 0.85.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. Healthcare Realty Trust had a negative return on equity of 11.20% and a negative net margin of 51.60%. Healthcare Realty Trust's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 EPS. Analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were issued a $0.31 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 7.93%. Healthcare Realty Trust's payout ratio is currently -69.66%.

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.