11,911 Shares in Healthcare Realty Trust Incorporated (NYSE:HR) Acquired by Naviter Wealth LLC

Naviter Wealth LLC purchased a new stake in Healthcare Realty Trust Incorporated (NYSE:HR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,911 shares of the real estate investment trust’s stock, valued at approximately $205,000.

Other hedge funds also recently added to or reduced their stakes in the company. Provence Wealth Management Group acquired a new stake in shares of Healthcare Realty Trust during the third quarter worth about $25,000. Lindbrook Capital LLC increased its position in Healthcare Realty Trust by 106.0% during the fourth quarter. Lindbrook Capital LLC now owns 1,854 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 954 shares during the period. Quent Capital LLC increased its position in Healthcare Realty Trust by 47.4% during the fourth quarter. Quent Capital LLC now owns 1,933 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 622 shares during the period. Legacy Financial Group LLC purchased a new stake in Healthcare Realty Trust in the third quarter valued at approximately $34,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Healthcare Realty Trust in the fourth quarter valued at approximately $45,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wedbush cut shares of Healthcare Realty Trust from an “outperform” rating to a “neutral” rating and cut their target price for the company from $19.00 to $15.00 in a report on Tuesday, February 20th. Wells Fargo & Company reduced their target price on shares of Healthcare Realty Trust from $18.00 to $15.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft began coverage on Healthcare Realty Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on Healthcare Realty Trust from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $19.00 to $15.00 in a research note on Tuesday, February 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $17.20.

Healthcare Realty Trust Price Performance

Healthcare Realty Trust stock opened at $14.23 on Wednesday. The stock’s 50 day moving average price is $13.76 and its 200 day moving average price is $15.07. The company has a market cap of $5.42 billion, a PE ratio of -19.23 and a beta of 0.79. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $20.32.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Friday, February 16th. The real estate investment trust reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.51). The company had revenue of $330.40 million for the quarter, compared to analysts’ expectations of $334.32 million. Healthcare Realty Trust had a negative return on equity of 3.87% and a negative net margin of 20.71%. Healthcare Realty Trust’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, equities research analysts anticipate that Healthcare Realty Trust Incorporated will post 1.56 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Monday, February 26th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 8.71%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -167.57%.

Healthcare Realty Trust Company Profile

Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty's portfolio includes more than 700 properties totaling over 40 million square feet concentrated in 15 growth markets.