Pasadena Private Wealth LLC Decreases Holdings in Healthcare Realty Trust Incorporated (NYSE:HR)

Pasadena Private Wealth LLC reduced its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 9.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,881 shares of the real estate investment trust’s stock after selling 1,305 shares during the period. Pasadena Private Wealth LLC’s holdings in Healthcare Realty Trust were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Healthcare Realty Trust in the fourth quarter worth approximately $59,352,000. Rush Island Management LP boosted its holdings in Healthcare Realty Trust by 43.7% in the 3rd quarter. Rush Island Management LP now owns 11,010,401 shares of the real estate investment trust’s stock worth $168,129,000 after buying an additional 3,350,506 shares during the period. Waterfront Capital Partners LLC purchased a new stake in Healthcare Realty Trust in the 4th quarter worth $51,775,000. APG Asset Management US Inc. raised its holdings in Healthcare Realty Trust by 12.0% during the fourth quarter. APG Asset Management US Inc. now owns 12,566,887 shares of the real estate investment trust’s stock valued at $216,527,000 after acquiring an additional 1,348,529 shares during the period. Finally, Beach Investment Counsel Inc. PA lifted its position in shares of Healthcare Realty Trust by 148.6% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 1,690,994 shares of the real estate investment trust’s stock valued at $29,136,000 after acquiring an additional 1,010,841 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HR. Wedbush lifted their target price on Healthcare Realty Trust from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, May 8th. Wells Fargo & Company boosted their target price on shares of Healthcare Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, June 14th. JPMorgan Chase & Co. cut their target price on shares of 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, Scotiabank boosted their price target on shares of Healthcare Realty Trust from $15.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Healthcare Realty Trust presently has an average rating of “Hold” and an average target price of $17.40.

Healthcare Realty Trust Stock Down 0.2 %

Shares of NYSE HR traded down $0.04 during mid-day trading on Friday, reaching $16.59. 218,710 shares of the company were exchanged, compared to its average volume of 3,582,076. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $20.25. The firm has a 50-day moving average of $15.67 and a 200 day moving average of $15.40. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of -12.50 and a beta of 0.86.

Healthcare Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Monday, May 13th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend was Friday, May 10th. Healthcare Realty Trust’s payout ratio is currently -93.23%.

Healthcare Realty Trust 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.