Lee Danner & Bass Inc. Makes New Investment in Healthcare Realty Trust Incorporated (NYSE:HR)

Lee Danner & Bass Inc. bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,000 shares of the real estate investment trust’s stock, valued at approximately $85,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in shares of Healthcare Realty Trust by 59.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,650 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 612 shares during the period. Blue Trust Inc. grew its stake in shares of Healthcare Realty Trust by 130.3% during the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 925 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at $36,000. Jones Financial Companies Lllp grew its stake in shares of Healthcare Realty Trust by 68.7% during the 4th quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,249 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Healthcare Realty Trust during the 3rd quarter valued at $65,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, March 10th. StockNews.com raised shares of Healthcare Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th. Scotiabank decreased their price target on shares of Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Wedbush reaffirmed an “outperform” rating and set a $16.00 price target on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Finally, Jefferies Financial Group cut shares of Healthcare Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.00.

Healthcare Realty Trust Price Performance

Shares of HR stock opened at $16.60 on Friday. Healthcare Realty Trust Incorporated has a 12 month low of $13.29 and a 12 month high of $18.90. The firm has a market capitalization of $5.82 billion, a P/E ratio of -9.32 and a beta of 0.97. The company’s fifty day moving average price is $16.62 and its two-hundred day moving average price is $17.27.

Healthcare Realty Trust (NYSE:HR) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $309.77 million for the quarter, compared to analyst estimates of $303.81 million. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. On average, sell-side analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current year.

Healthcare Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 dividend yield of 7.47%. Healthcare Realty Trust’s dividend payout ratio (DPR) is presently -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.