Proficio Capital Partners LLC Invests $440,000 in Healthcare Realty Trust Incorporated (NYSE:HR)

Proficio Capital Partners LLC bought a new position in Healthcare Realty Trust Incorporated (NYSE:HR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,934 shares of the real estate investment trust’s stock, valued at approximately $440,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position 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 valued at $78,495,000 after buying an additional 495,599 shares during the last quarter. Impax Asset Management Group plc grew its position in shares of Healthcare Realty Trust by 10.0% during the 4th quarter. Impax Asset Management Group plc now owns 440,000 shares of the real estate investment trust’s stock valued at $7,458,000 after buying an additional 40,000 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its position in shares of Healthcare Realty Trust by 22.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 39,185 shares of the real estate investment trust’s stock valued at $664,000 after buying an additional 7,101 shares during the last quarter. Ieq Capital LLC bought a new stake in shares of Healthcare Realty Trust during the 4th quarter valued at about $659,000. Finally, New York State Common Retirement Fund grew its position in shares of Healthcare Realty Trust by 131.8% during the 4th quarter. New York State Common Retirement Fund now owns 386,679 shares of the real estate investment trust’s stock valued at $6,554,000 after buying an additional 219,848 shares during the last quarter.

Insider Buying and Selling

In other news, Director Peter F. Sr Lyle, Sr. acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $17.21 per share, with a total value of $172,100.00. Following the purchase, the director now owns 26,576 shares of the company’s stock, valued at approximately $457,372.96. This trade represents a 60.33 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.56% of the stock is currently owned by insiders.

Healthcare Realty Trust Stock Performance

Shares of NYSE:HR opened at $16.68 on Tuesday. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of -9.37 and a beta of 0.97. Healthcare Realty Trust Incorporated has a 1-year low of $12.77 and a 1-year high of $18.90. The company has a 50 day moving average price of $16.61 and a 200 day moving average price of $17.34.

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 for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $309.77 million during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. On average, sell-side analysts expect that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date of this dividend is Monday, March 3rd. Healthcare Realty Trust’s payout ratio is -69.66%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HR shares. Scotiabank lowered their price objective 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. Jefferies Financial Group lowered shares of 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 research note on Thursday, January 2nd. Wedbush reiterated an “outperform” rating and issued a $16.00 price objective on shares of Healthcare Realty Trust in a report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. cut shares of Healthcare Realty Trust from an “overweight” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Healthcare Realty Trust has a consensus rating of “Hold” and a consensus target price of $17.00.

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.