Cohen & Steers Inc. Cuts Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Cohen & Steers Inc. decreased its position in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,865,392 shares of the real estate investment trust's stock after selling 659,678 shares during the period. Healthcare Realty Trust accounts for approximately 2.0% of Cohen & Steers Inc.'s investment portfolio, making the stock its 17th largest position. Cohen & Steers Inc. owned 17.74% of Healthcare Realty Trust worth $1,065,443,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp grew its holdings 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 worth $78,495,000 after purchasing an additional 495,599 shares during the period. Norges Bank acquired a new position in Healthcare Realty Trust in the fourth quarter valued at about $76,825,000. Sei Investments Co. boosted its stake in Healthcare Realty Trust by 17.4% during the fourth quarter. Sei Investments Co. now owns 2,849,743 shares of the real estate investment trust's stock worth $48,303,000 after buying an additional 422,940 shares during the period. Russell Investments Group Ltd. increased its position in shares of Healthcare Realty Trust by 22.4% during the fourth quarter. Russell Investments Group Ltd. now owns 2,772,522 shares of the real estate investment trust's stock valued at $46,993,000 after acquiring an additional 508,045 shares during the last quarter. Finally, Candriam S.C.A. raised its stake in shares of Healthcare Realty Trust by 201.4% in the 4th quarter. Candriam S.C.A. now owns 1,729,651 shares of the real estate investment trust's stock valued at $29,318,000 after acquiring an additional 1,155,745 shares during the period.

Analyst Ratings Changes

A number of equities 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. StockNews.com lowered Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. Wells Fargo & Company decreased their target price on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a research note on Monday, March 10th. Wedbush raised Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research report on Monday, April 7th. Finally, Jefferies Financial Group cut 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 report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $17.00.

Healthcare Realty Trust Stock Up 1.8 %

HR traded up $0.28 on Friday, reaching $15.98. The company's stock had a trading volume of 3,129,278 shares, compared to its average volume of 3,311,951. Healthcare Realty Trust Incorporated has a fifty-two week low of $13.74 and a fifty-two week high of $18.90. The stock has a 50 day moving average of $16.40 and a two-hundred day moving average of $16.96. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of -8.97 and a beta of 0.85.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating 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%. Healthcare Realty Trust's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, analysts anticipate that Healthcare Realty Trust Incorporated will post 1.59 earnings per share for the current fiscal year.

Healthcare Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 7.76%. Healthcare Realty Trust's dividend payout ratio is presently -69.66%.

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.