Private Advisor Group LLC Sells 6,227 Shares of Healthcare Realty Trust Incorporated (NYSE:HR)

Private Advisor Group LLC trimmed its position in Healthcare Realty Trust Incorporated (NYSE:HR) by 20.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,131 shares of the real estate investment trust’s stock after selling 6,227 shares during the period. Private Advisor Group LLC’s holdings in Healthcare Realty Trust were worth $409,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HR. Blue Trust Inc. raised its stake in Healthcare Realty Trust by 130.3% in the 4th quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 925 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Healthcare Realty Trust in the 3rd quarter worth about $65,000. Wilmington Savings Fund Society FSB bought a new position in shares of Healthcare Realty Trust during the third quarter worth approximately $78,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Healthcare Realty Trust in the third quarter valued at approximately $89,000. Finally, Allworth Financial LP raised its holdings in Healthcare Realty Trust by 118.8% in the 4th quarter. Allworth Financial LP now owns 5,152 shares of the real estate investment trust’s stock valued at $85,000 after acquiring an additional 2,797 shares in the last quarter.

Healthcare Realty Trust Price Performance

NYSE HR opened at $16.69 on Wednesday. Healthcare Realty Trust Incorporated has a 1 year low of $12.77 and a 1 year high of $18.90. The stock has a market capitalization of $5.86 billion, a PE ratio of -9.38 and a beta of 0.94. The company’s 50 day simple moving average is $16.63 and its two-hundred day simple moving average is $17.36.

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

Healthcare Realty Trust Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently weighed in on HR. Scotiabank reduced their price objective on Healthcare Realty Trust from $18.00 to $17.00 and set a “sector perform” rating on the stock in a research note on Tuesday, February 25th. Jefferies Financial Group downgraded Healthcare Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $19.00 to $17.00 in a research report on Thursday, January 2nd. 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 research report on Friday, December 20th. Wedbush restated an “outperform” rating and set a $16.00 target price on shares of Healthcare Realty Trust in a research report on Thursday, February 20th. Finally, StockNews.com lowered shares of Healthcare Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.20.

Insider Activity at Healthcare Realty Trust

In related news, Director Peter F. Sr Lyle, Sr. purchased 10,000 shares of Healthcare Realty Trust stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $17.21 per share, for a total transaction of $172,100.00. Following the completion of the purchase, the director now directly owns 26,576 shares of the company’s stock, valued at $457,372.96. The trade was a 60.33 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

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.