Envestnet Asset Management Inc. Reduces Stock Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Envestnet Asset Management Inc. reduced its stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 907,539 shares of the real estate investment trust's stock after selling 107,254 shares during the period. Envestnet Asset Management Inc. owned about 0.26% of Healthcare Realty Trust worth $15,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC raised its holdings in Healthcare Realty Trust by 59.0% in 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 last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of Healthcare Realty Trust by 6.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 11,530 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 706 shares during the period. Pacer Advisors Inc. grew its stake in shares of Healthcare Realty Trust by 1.1% in the fourth quarter. Pacer Advisors Inc. now owns 70,776 shares of the real estate investment trust's stock worth $1,200,000 after purchasing an additional 786 shares during the last quarter. Park Avenue Securities LLC raised its position in Healthcare Realty Trust by 4.1% during the 4th quarter. Park Avenue Securities LLC now owns 20,193 shares of the real estate investment trust's stock worth $342,000 after purchasing an additional 793 shares during the last quarter. Finally, Consolidated Portfolio Review Corp raised its position in Healthcare Realty Trust by 1.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 55,333 shares of the real estate investment trust's stock worth $938,000 after purchasing an additional 808 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wedbush raised Healthcare Realty Trust from a "strong sell" rating to a "hold" rating in a research note on Monday, April 7th. StockNews.com downgraded shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, March 27th. 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. Wells Fargo & Company dropped their target price on shares of Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. Finally, Jefferies Financial Group downgraded Healthcare Realty Trust from a "buy" rating to a "hold" rating and dropped their price objective for the company from $19.00 to $17.00 in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $17.00.

Healthcare Realty Trust Price Performance

Shares of Healthcare Realty Trust stock traded up $0.28 during trading hours on Friday, hitting $15.98. 3,129,278 shares of the company's stock traded hands, compared to its average volume of 3,308,885. The stock 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 Incorporated has a 12-month low of $13.68 and a 12-month high of $18.90. The company has a fifty day simple moving average of $16.40 and a 200-day simple moving average of $16.97.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.40 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $303.81 million. During the same quarter in the previous year, the firm posted $0.39 EPS. Healthcare Realty Trust's revenue was down 6.3% on a year-over-year basis. On average, analysts forecast that Healthcare Realty Trust Incorporated will post 1.59 EPS for the current fiscal year.

Healthcare Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Monday, March 3rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.76%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust's dividend payout ratio (DPR) is currently -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.