Intech Investment Management LLC Buys New Position in Healthcare Realty Trust Incorporated (NYSE:HR)

Intech Investment Management LLC acquired a new stake in Healthcare Realty Trust Incorporated (NYSE:HR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,182 shares of the real estate investment trust's stock, valued at approximately $410,000.

Several other large investors also recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in Healthcare Realty Trust by 130.3% in the fourth quarter. Blue Trust Inc. now owns 1,635 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 925 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 612 shares in the last quarter. Synergy Investment Management LLC purchased a new position in shares of Healthcare Realty Trust during the 4th quarter valued at approximately $36,000. Jones Financial Companies Lllp grew its position in shares of Healthcare Realty Trust by 68.7% during the fourth quarter. Jones Financial Companies Lllp now owns 3,067 shares of the real estate investment trust's stock worth $52,000 after buying an additional 1,249 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Healthcare Realty Trust in the third quarter worth $65,000.

Wall Street Analysts Forecast Growth

HR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of Healthcare Realty Trust from an "overweight" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research note on Friday, December 20th. 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. Wells Fargo & Company lowered their price objective on Healthcare Realty Trust from $17.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, March 10th. StockNews.com lowered shares of Healthcare Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Jefferies Financial Group lowered shares of Healthcare Realty Trust from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $19.00 to $17.00 in a research note on Thursday, January 2nd. Two research 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.00.

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Healthcare Realty Trust Stock Performance

Shares of HR traded down $0.01 during midday trading on Friday, hitting $16.76. 2,339,542 shares of the stock traded hands, compared to its average volume of 3,272,218. The business's 50 day moving average price is $16.66 and its two-hundred day moving average price is $17.22. The firm has a market capitalization of $5.88 billion, a PE ratio of -9.41 and a beta of 0.97. Healthcare Realty Trust Incorporated has a 1-year low of $13.64 and a 1-year high of $18.90.

Healthcare Realty Trust (NYSE:HR - Get Free Report) last posted 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. Healthcare Realty Trust had a negative net margin of 51.60% and a negative return on equity of 11.20%. The firm had revenue of $309.77 million during the quarter, compared to analyst estimates of $303.81 million. During the same period in the previous year, the business posted $0.39 EPS. Healthcare Realty Trust's revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts forecast 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 was paid on Wednesday, March 19th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.40%. The ex-dividend date of this dividend was Monday, March 3rd. Healthcare Realty Trust's payout ratio 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.